Hafary Holdings Limited announced the Cessation of Mr. Ong Beng Chye as an Independent Non-Executive Director. Age is 55. Role And Responsibilities: Duties as an Independent Non-Executive Chairman, Lead Independent Director, Chairman of the Audit Committee and member of Nominating Committee and Remuneration Committee on which he has served.

Reason For Cessation: Mr. Ong Beng Chye (?Mr Ong?) has served as Independent Director of the Company beyond nine years from the date of his first appointment. In compliance with the amended Listing Rule 210(5)(d)(iv), which imposed a hard tenure limit for independent directors of nine years, beyond which such directors will no longer be considered independent. Mr. Ong will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting.

Other DirectorShips Past: CapAllianz Holdings Ltd. (formerly known as CWX Global Limited) Geo Energy Resources Limited Gem Accounting Pte Ltd. Penta Power Investment Pte. Ltd. Other DirectorShips Present: ES Group (Holdings) Limited (Independent Director) IPS Securex Holdings Limited (Independent Director) Alpina Holdings Limited (Independent Director) LMS Compliance Ltd. (Independent Director) Appleton Global Pte. Ltd. Gem Corp.

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