Tiong Seng Holdings Limited announced the appointment of Mr. Wu Guangyi as Chief Financial Officer. The appointment is a replacement of the Chief Financial Officer who has ceased his engagement to pursue other career opportunities. Mr. Wu Guangyi ("Mr. Wu") had been Chief Financial Officer of Starburst Holdings Limited ("Starburst"), a company listed on the Catalist Board of the SGX-ST, for more than 10 years before this new appointment.

As the CFO of Starburst, Mr. Wu was responsible for financial management and accounting functions of the group. Mr. Wu also supports the board in their strategic decision making process as well as the group's corporate financial and corporate risk management. Audit Committee and Nominating Committee have considered Mr. Wu's track record, working experience, qualifications, capabilities, and other relevant factors for the appointment as the Chief Financial Officer of the Company, and have recommended to the Board of Directors for his appointment.

The Board has approved his appointment. He holds Bachelor of Science (with honours) in Applied Accounting - Oxford Brookes University Master of Business Administration - University of Manchester Fellow member of the Institute of Singapore Chartered Accountants and the Association of Chartered Certified Accountants, UK.