The Board of Directors of Nanofilm Technologies International Limited announced the following changes with effect from 14 May 2021: Mr. James Rowan, the Lead Independent Director of the company, has been re-designated as Non-Executive Non-Independent Director of the company. Mr. Rowan's re-designation follows his appointment as advisor to the company's subsidiary, Sydrogen Energy Pte. Ltd. on 14 May 2021 where he would provide professional advisory services in relation to the business strategies and operations of Sydrogen. For good corporate governance and taking into consideration Provision 2 of the Code of Corporate Governance 2018, the Nominating Committee deems it appropriate to re-designate Mr. Rowan as Non-Executive Non-Independent Director by virtue of the aforesaid business relationship. Mr. Rowan will accordingly relinquish from his role as Lead Independent Director of the company. Mr. Rowan will also be re-designated from Chairman of the Remuneration Committee to a member of the RC and ceased to be a member of the Audit and Risk Committee and the NC. The company also announced that Ms. Ong Siew Koon @ Ms. Ong Siew Khoon has been appointed as Lead Independent Director of the company. Changes in composition of the board of directors and board committees: The following additional changes are made to the composition of the Board and Board Committees: Ms. Ong Siew Koon @ Ms. Ong Siew Khoon, the Lead Independent Director, has been appointed as a member of the NC and the BRC. Ms. Ong remains as the Chairman of the AC.; Ms Lee Lee Khoon, an Independent Director, has been re-designated from a member of the RC to Chairman of the RC.; Mr. Lee Liang Huang, the Executive Director and Chief Executive Officer of the Company, has been appointed as a member of the BRC. Following the above mentioned changes, the Board and Board Committees are re-constituted as set out: Audit Committee: Ms. Ong Siew Koon @ Ong Siew Khoon as chairman of audit committee; Ms. Lee Lee Khoon, Mr. Wan Kum Tho as members of audit committee. Board Risk Committee: Mr. Wan Kum Tho as chairman of board risk committee; Ms. Ong Siew Koon @ Ong Siew Khoon and Mr. Lee Liang Huang members of board risk committee. Nominating Committee: Mr. Kristian Robinson as chairman of nominating committee; Ms. Ong Siew Koon @ Ong Siew Khoon and Dr. Shi Xu as members of nominating committee. Remuneration Committee: Ms. Lee Lee Khoon as chairman of remuneration committee; Mr. James Rowan and Mr. Kristian Robinson as member of remuneration committee.