The board of directors of Moya Holdings Asia Limited announced the following with effect from 29 March 2016: Mr. Mohammad Syahrial will be re-designated from Non-Executive Non-Independent Director to Chief Executive Officer of the company and will be responsible for leading the development and execution of the company's short and long term strategies and business plans. Mr. Syahrial will cease to be a member of the Audit Committee (AC) and the Remuneration Committee (RC); Mr. Irwan Atmadja Dinata will be re-designated from Executive Director to Managing Director of the company and will be responsible for overseeing the company's day-to-day operations, including the execution of the company's projects in Indonesia and Southeast Asia region; Mr. Simon A. Melhem will be re-designated from Chief Executive Officer/Managing Director to Executive Director of the company and will assist the Chief Executive Officer and the Managing Director in discharging their respective duties; Mr. Ziyad F. Omar, the Non-Executive Non-Independent Director of the company, will be appointed as a member of the AC and the RC; and Mr. Hwang Kin Soon Ignatius, the Non-Executive Independent Director of the company, will replace Mr. Low Chai Chong as the RC chairman.