Mary Chia Holdings Limited announced that Mr. Chay Yiowmin and is satisfied that he possesses the requisite competencies to assume the position as Lead Independent Director of the Company. The Board of Directors has approved Mr. Chay Yiowmin's appointment upon recommendation by the Nominating Committee. Mr. Chay Yiowmin will also take up the position of Chairman of the Audit Committee and member of the Nominating and Remuneration Committee.

Working Experience: November 2012 to March 2019 - BDO Advisory Pte Ltd, Advisory Partner, Corporate Finance Practice March 2019 to Current - Chay Corporate Advisory Pte Ltd, Chief Executive Officer. Other DirectorShips Past: .S. Platou Finans Singapore Pte. Ltd. (Struck Off) Libra Group Limited (In Liquidation - Compulsory Winding Up (Insolvency)) Voxpace Pte.

Ltd. TSU Investment Pte. Ltd. Nelson G Advisory Pte. Ltd. (Struck Off) Ksenja Pte Ltd. Wanglongxingye Holdings Pte Ltd. Vanfo Hino Holdings Pte Ltd. Vanfoankang Investment Pte Ltd. (In the midst of striking off) Vanbo Investments Pte Ltd. Vanbo Management Pte Ltd. American Ethane Capital Pte Ltd. CCA Fund Services Pte Ltd. Other DirectorShips Present: UMS Holdings Limited Metech International Limited 8I Holdings Limited Watches.com Limited Raffles Infrastructure Holdings Limited Xemaco Group Pte Ltd. Roxana Shipping Pte Ltd. 2YSL Pte Ltd. Moon Pay Pte Ltd. United Power Corporation (Singapore) Pte Ltd. Director Experience Details: Present Directorship: UMS Holdings Limited Metech International Limited 8I Holdings Limited Watches.com Limited Raffles Infrastructure Holdings Limited Past Directorship: Libra Group Limited.

Professional Qualifications: Bachelor of Accountancy and Master of Business from Nanyang Technological University Master of Business Administration from the University of Birmingham Fellow Chartered Accountant (FCA Singapore) of the Institute of Singapore Chartered Accountants (ISCA) Associate Chartered Accountant (ACA) of Chartered Accountants in England and Wales (ICAEW) Chartered Valuer and Appraiser (CVA) of the Institute of Valuers and Appraisers of Singapore (IVAS).