China Haida Ltd. announced the appointment of Mr. Zhu Peng as an Independent Director of the Company with effect from 21 January 2021. The Board and Nominating Committee typically identify candidates for new directors through the business network of existing board members or through independent professional firms to assist in the search of suitable candidates. Zhu Peng was recommended by Mr. Tang Chun Meng. The NC and the Board, in considering Mr. Zhu Peng's appointment as an Independent Director of the Company, have taken into consideration both his qualifications and work experience and is of the view that he would be able to contribute meaningfully to the Board as he has the necessary skill set and familiarity with the business climate and practice in China. The Board intends to tap on Mr. Zhu Peng's extensive China experience and business networks in China to assist the Board in resolving the outstanding issues of the Company's subsidiary. While Mr. Zhu Peng does not have the experience as a director of a listed company in Singapore, he has extensive experience auditing SGX-ST listed companies with operations in China. He is also a Chartered Accountant and have attended courses relating to corporate governance with ISCA, Singapore. The Company will also be sending Mr. Zhu Peng to attend relevant training at the Singapore Institute of Directors to gain familiarity with SGX-ST listing rules and understanding of compliance procedures. The Company will check with Mr. Zhu Peng's availability to attend the trainings once the relevant courses at SID are available. In the interim, the Company Secretary will be briefing him on the duties and responsibilities of the director of a Singapore listed company.