The Board of Directors of Isetan (Singapore) Limited announced the following proposed changes to the composition of the Board: Mr. Lim Tien Chun and Mr. Phua Puey Joy will retire from their executive positions and as Executive Directors of the Company at the forthcoming Annual General Meeting of the Company to be held on 29 April 2016. Mr. Gerard Cheng Poh Chuan will retire as an Executive Director of the Company at the AGM, but will continue to serve the Company in an executive capacity. Subject to Shareholders' approval at the AGM, Mr. Toshifumi Hashizume will be appointed as an Executive Director of the Company and its Managing Director in place of Mr. Lim Tien Chun.

Subject to Shareholders' approval at the AGM, Ms. Koay Bee Fong will be appointed as an Executive Director of the Company and its General Manager (Administration) cum Director, Human Resources in place of Mr. Phua Puey Joy.