The Board of Directors of Isetan (Singapore) Limited announced that Mr. Koji Oyama will be relinquishing his position as Managing Director at the close of the forthcoming Annual General Meeting of the Company to be held in April 2022, to take on an executive position in Isetan Mitsukoshi Holdings Ltd. However, Mr. Koji Oyama will stay on in the Company until he is able to handover his duties to the new Managing Director. The Company will update shareholders when the new Managing Director is appointed.