The Board of Directors of Triyards Holdings Limited announced that Mr. Lionel Lee will cease to be the Chairman and Non-Executive Director of the company with effect from 1 May 2015. Mr. Chan will cease to be an Executive Director of the company with effect from 1 May 2015. Mr. Chan remains as the Chief Executive Officer of the company.

Mr. Andrew Mak will cease to be an Executive Director of the company with effect from 1 May 2015. Mr. Andrew Mak remains as the Chief Operating Officer of the company. Mr. Lee Kian Soo will be appointed as a director and will replace Mr. Lionel Lee as the Non-Executive Chairman of the company with effect from 1 May 2015.