Chip Eng Seng Corporation Ltd. announced appointment of Kenny Yong Shan Siong ("Mr Yong") as Group Chief Financial Officer. Appointment date is January 17, 2021. Mr. Yong has been with the Company since 7 September 2021 as its Deputy Group Chief Financial Officer.

Since 2018, the Group has expanded its scope of businesses to include education, infrastructure and civil engineering, water solutions, mechanical and electrical services and 3D-printing services. In view of the Group's enlarged scope of businesses, the Company has appointed its incumbent Group Chief Financial Officer ("Group CFO") as Group Chief Corporate Officer to meet the needs of the Group. In approving the appointment of Mr. Yong to assume the role of Group CFO, the Board has also considered the following: (i) continuing efforts to strengthen the Group's leadership team, (ii) succession planning objectives, (iii) Mr. Yong's qualifications and experience, and (iv) the recommendations of the Nominating Committee.

The Board is accordingly of the view that Mr. Yong has the requisite track record, experience and capability to assume the role of Group CFO. The appointment is executive. Mr. Yong will be responsible for a multitude of functions comprising financial and management accounting, taxation, corporate governance, internal controls, financial planning and analysis, sustainability and investor relations.

He will jointly manage the fund-raising and treasury functions of the Group with the Group Chief Corporate Officer. Mr. Kenny Yong Shan Siong will succeed Mr. Law as Group CFO.