Nam Cheong Limited announced the appointment of Lim Tong Lee as Independent Non-Executive Director. Working Experience is 2015 - 2017 KGI Securities Pte Ltd. Head of Corporate Finance 2014 - 2015 Venstar Capital Management Pte Ltd, Singapore Senior Vice President 2013 - 2014 AmWater Investments Management Pte Ltd, Singapore Chief Investment Officer 2007 - 2013 AmFraser Securities Pte Ltd, Singapore (posted by AmInvestment Bank Bhd) Director/Head of Corporate Finance. Professional Qualifications are Association of Chartered Certified Accountants (United Kingdom) - Malaysian Institute of Accountants - Malaysian Institute of Certified Public Accountants.

The Board of the Company, having reviewed and considered the Nominating Committee's assessment of Datuk Lim Tong Lee's ("Datuk Lim") qualification and working experience, is of the view that Datuk Lim possesses the requisite experience and capabilities to assume the responsibilities as Independent Non-Executive Director of the Company. Datuk Lim is considered independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.