Boustead Projects Limited board of directors announced the appointments of Professor Yong Kwet Yew and Mr. Tam Chee Chong as Independent Non-Executive Directors of the Company. Professor Yong has also been appointed a member of the Nominating Committee and Remuneration Committee, while Mr. Tam has been appointed a member of the Audit & Risk Committee and Nominating Committee. The Board considers both Professor Yong and Mr. Tam to be Independent Directors for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. Professor Yong is currently Professor of Civil & Environmental Engineering and Senior Vice President (Campus Infrastructure) at the National University of Singapore. Mr. Tam has over 30 years of experience in corporate and financial advisory roles including with various Big 4 accounting firms (Deloitte, KPMG, PwC, Andersen) in Singapore, London and Hong Kong, and across a wide range of industries and portfolios. Arising from the appointments of Professor Yong and Mr. Tam as Independent Non- Executive Directors of the Company, the composition of the Board and respective Board Committees will comprise:- Board of Directors: John Lim Kok Min ­ Chairman & Independent Non-Executive Director, Wong Yu Wei ­ Deputy Chairman & Executive Director, Thomas Chu Kok Hong ­ Managing Director & Executive Director, Chong Lit Cheong ­ Independent Non-Executive Director, James Lim Jit Teng - Independent Non-Executive Director, Professor Yong Kwet Yew - Independent Non-Executive Director, and Tam Chee Chong - Independent Non-Executive Director. Audit & Risk Committee: Chong Lit Cheong (Chairman), John Lim Kok Min, James Lim Jit Teng, and Tam Chee Chong. Nominating Committee: John Lim Kok Min (Chairman), James Lim Jit Teng, Chong Lit Cheong, Professor Yong Kwet Yew, Tam Chee Chong, Wong Yu Wei, and Thomas Chu Kok Hong. Remuneration Committee: John Lim Kok Min (Chairman), James Lim Jit Teng, Chong Lit Cheong, and Professor Yong Kwet Yew.