The board of directors of Transcorp Holdings Limited announced the following with immediate effect: appointment of Executive Director Mr. You Zihui has been appointed as an Executive Director of the Company with effect from 19 November 2018. Ms. Ding Xinyan has been appointed as an Independent Director of the Company with effect from 19 November 2018. Mr. Lai Hock Meng, Non-Executive Chairman and Independent Director of the Company, has been appointed as the Chairman of the Audit Committee. Mr. Chia Siak Yan Vincent, Independent Director of the Company, has stepped down as the Chairman of the Remuneration Committee and remained as a member of the RC. Following Ms. Ding's appointment as an Independent Director of the Company, she has also been appointed as the Chairman of the RC, and a member of the AC and the Nominating Committee respectively. Consequent to the above changes, the composition of the Board and the Board Committees of the Company is now as follows: Board of Directors: Mr. Lai Hock Meng - Non-Executive Chairman and Independent Director, Mr. You Zihui - Executive Director, Mr. Chia Siak Yan Vincent - Independent Director and Ms. Ding Xinyan - Independent Director. Audit Committee: Mr. Lai Hock Meng – Chairman, Mr. Chia Siak Yan Vincent – Member, Ms. Ding Xinyan – Member. Nominating Committee: Mr. Chia Siak Yan Vincent – Chairman, Mr. Lai Hock Meng - Member, Ms. Ding Xinyan – Member. Remuneration Committee: Ms. Ding Xinyan – Chairman, Mr. Chia Siak Yan Vincent – Member, Mr. Lai Hock Meng – Member.