The board of directors (the "Board" or the "Directors") of Lincotrade & Associates Holdings Limited announce the appointment of Mr. Kwong Choong Kuen as an Independent Non-Executive Director of the Company with effect from 30 January 2024. Mr. Kwong Choong Kuen will also be appointed as the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee ("Board Committees"). Following the above appointment, the new composition of the Board and the Board Committees will be as follows: Board of Directors: Dr. Tan Kok Heng -Independent and Non-Executive Chairman; Mr. Tan Jit Meng - Managing Director; Mr. Kwong Choong Kuen -Independent and Non-Executive Director; Mr. Wee Shuo Siong Milton - Non-Executive Non-Independent Director.
Audit Committee: Mr. Kwong Choong Kuen - Chairman, Dr. Tan Kok Heng - Member, Mr. Wee Shuo Siong Milton - Member, Nominating Committee: Dr. Tan Kok Heng -Chairman, Mr. Kwong Choong Kuen -Member, Mr. Wee Shuo Siong Milton - Member, Remuneration Committee: Dr. Tan Kok Heng - Chairman, Mr. Kwong Choong Kuen - Member, Mr. Wee Shuo Siong Milton - Member.