The Board of Directors of HKE Holdings Limited announced that with effect from 18 October 2019: Mr. Ang Kong Meng ("Mr. Ang") has resigned from his position as the Chairman of the Board (the "Chairman") due to personal reason, but remains as a non-executive Director; Mr. Koh Lee Huat ("Mr. Koh") has resigned from his position as the chief executive officer of the Company (the "Chief Executive Officer") due to personal reason, but remains as an executive Director and authorised representative of the Company; Mr. Ryan Ong Wei Liang ("Mr. Ong") has resigned as an executive Director due to personal reason, but remains as a director of Hwa Koon Engineering Pte. Ltd. ("Hwa Koon"), the operating subsidiary of the Company. Mr. Ong has confirmed that (i) he has no disagreement with the Board, and (ii) there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange; Mr. Chen Xiaoer ("Mr. Chen") has been appointed as an executive Director, the Chairman and the Chief Executive Officer; and Mr. Koh and Mr. Ong have ceased to be a member of the remuneration committee ("Remuneration Committee") and nomination committee ("Nomination Committee") of the Company respectively, and Mr. Chen has been appointed as a member of the Remuneration Committee and Nomination Committee.

Mr. Chen Xiaoer, aged 37, has extensive investment and management experience in the fields of construction and real estate, financial services and medical health. The Board also announced that with effect from 18 October 2019, Mr. Koh and Mr. Ong have ceased to be a member of the Remuneration Committee and Nomination Committee respectively, and Mr. Chen has been appointed as a member of the Remuneration Committee and Nomination Committee.