The Board of Directors of Hon Corporation Limited announced that Mr. Ng Chye Kim has tendered his resignation as an independent non-executive Director of the Company. Subsequent to his resignation, Mr. Ng has ceased to be the chairman of remuneration committee and a member of the audit committee of the Company; Each of Mr. Lau Wang Lap and Ms. Teng Ley Peng has ceased to act as a member of the nomination committee of the Company; Ms. Luk Huen Ling Claire has ceased to act as a member of the audit committee and been appointed as a member of the nomination committee of the Company; Mr. Mahtani Bhagwandas has been appointed as an independent non-executive Director, the chairman of remuneration committee, and members for each of the audit committee and the nomination committee of the Company; and Mr. Ong Kim Huat has been appointed as an independent non-executive Director, the chairman of nomination committee, and members for each of the audit committee and the remuneration committee of the Company. Mahtani Bhagwandas was independent director of Alliance Mineral Assets Limited from 2014 to 2018 and SBI Offshore Limited from 2012 to 2018. Ong Kim Huat was a Member of Parliament and Advisor to grassroots organizations from 2011 to 2016. He was also Chairman of Jurong Town Council during that period. Mr. Ho Lien Hwai has ceased to act as a member of the remuneration committee of the Company.