Luminor Financial Holdings Limited announced cessation of Mr. Foong Daw Ching as Non-Executive and Independent Chairman, Chairman of the Audit Committee and member of the Nominating, Remuneration and Risk Management Committees. Role and responsibilities: Duties of Non-Executive and Independent Chairman, Chairman of the Audit Committee and member of the Nominating, Remuneration and Risk Management Committees. Reason for cessation: In view that Mr. Foong's tenure with the Company has exceeded 9 years, Mr. Foong has decided to retire at the upcoming AGM of the Company to facilitate board renewal.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Foong as the Non-Executive Independent Chairman of the Company. Mr. Foong Daw Ching holds DirectorShips in the following companies: Travelite Holdings Ltd, Suntar Eco-City Ltd, St Luke?s Hospital Ltd, St Luke?s Eldercare Ltd, Crestar Education Group Pte Ltd, Church of Singapore Tung Ling Student Care Centre, Tung Ling Community Services, and Tung Ling Preschool Ltd.