IPC CORPORATION LTD

(Company Registration Number: 198501057M)

RESIGNATION OF INDEPENDENT DIRECTOR AND CHANGES IN COMPOSITION OF BOARD AND BOARD COMMITTEES

The Board of Directors (the "Board") of IPC Corporation Ltd (the "Company") wishes to announce the following:

  • (A) RESIGNATION OF INDEPENDENT DIRECTOR

    Mr Lee Soo Hoon Phillip ("Mr Lee") will resign as an Independent Director of the Company with effect from 1 August 2018.

    Mr Lee will accordingly relinquish his position as Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee respectively.

    The Board wishes to record its appreciation to Mr Lee for his contributions to the Company.

  • (B) CHANGES IN COMPOSITION OF BOARD AND BOARD COMMITTEES

    Consequent to the resignation of Mr Lee, the composition of the Board and Board Committees of the Company with effect from 1 August 2018 are as follows:

    Board of Directors

    Ngiam Mia Je Patrick - Board Chairman and Chief Executive Officer

    Ngiam Mia Kiat Benjamin - Managing Director

    Lauw Hui Kian - Executive Director

    Ngiam Mia Hai Bernard - Executive Director

    Ngiam Mia Hong Alfred - Executive Director

    Lien Kait Long - Lead Independent Director

    Teo Kiang Kok - Independent Director

    Dato' Dr Choo Yeow Ming - Independent Director

IPC Corporation Ltd

Resignation of ID and Changes in Composition of Board and Board Committees

Page 2

Audit Committee

Lien Kait Long - Chairman, Lead Independent Director

Teo Kiang Kok - Member, Independent Director

Dato' Dr Choo Yeow Ming - Member, Independent Director

Nominating Committee

Dato' Dr Choo Yeow Ming - Chairman, Independent Director

Lien Kait Long - Member, Lead Independent Director

Teo Kiang Kok - Member, Independent Director

Ngiam Mia Je Patrick - Member, Board Chairman and Chief Executive Officer (Alternate - Ngiam Mia Kiat Benjamin)

Remuneration Committee

Teo Kiang Kok - Chairman, Independent Director

Lien Kait Long - Member, Lead Independent Director

Dato' Dr Choo Yeow Ming - Member, Independent Director

On Behalf of the Board

Lauw Hui Kian Director

1 August 2018

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IPC Corporation Limited published this content on 01 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 August 2018 10:02:02 UTC