New Toyo International Holdings Ltd. announced Mr. Lim Teck Leong David ("Mr Lim") retired as a Non-Executive and Lead Independent Director of the Company at the conclusion of the Annual General Meeting held on 24 June 2020. Following his retirement, Mr. Lim also ceased to be the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee. Mr. Wan Tai Foong, the Non-Executive and Independent Director of the Company has been appointed as the Lead Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee in place of Mr. Lim. The company also announced Mr. Phua Tin How, the Non-Executive and Independent Director of the Company has been appointed as a member of the Audit Committee.