The board of Dynamic Holdings Limited announced that with effect from February 8, 2013, Mr. TAN Harry Chua, an executive Director of the company, has been appointed by the board as the chairman of the board, a member and the chairman of nomination committee of the Board and a member of remuneration committee of the Board. At the same time, Mr. CHUA Domingo, executive Director, has ceased to be the chairman of the Board, the chairman of Nomination Committee and a member of both Nomination Committee and Remuneration Committee, while Mr. CHUA continues to serve as executive Director of the company. The Board is also pleased to announce that Mr. GO Patrick Lim has been appointed as an independent non-executive Director of the company and a member of the audit committee of the Board with effect from February 8, 2013.

Mr. GO, aged 55, is the chief executive officer of Paramount Life & General Insurance Corporation. He has over 25 years of experience in corporate finance and private/public equity having worked for Credit Suisse First Boston, Bank of America Asia Limited and Bankers Trust Company.