The Board of Directors of Mary Chia Holdings Limited announced the following with effect from 1 July 2020: Ms. Ho Yow Ping (He YouPing), an Executive Director and Chief Executive Officer of the company, has been re-designated as the Executive Chairman of the Board and Chief Executive Officer of the company. Mr. Pao Kiew Tee, an Independent Director of the Company, has been appointed as the Lead Independent Director of the company. This appointment aligns the composition of the Board with the principles and guidelines of the Code of Corporate Governance 2018.