The Board of Directors of Noel Gifts International Ltd. announced that, in order to facilitate the renewal of the Board of Directors pursuant to the corporate governance principles and also to support the Board of Directors plan to refresh and rejuvenate the board composition, Mr. Freddie Heng Kim Chuan, currently the Non-Executive Independent Director of the group, Chairman of the Audit Committee and Nominating Committee, will relinquish his role as the Chairman of Audit Committee and Nominating Committee. He continues to be the member of Audit Committee and Nominating Committee. Consequent to the aforesaid change, the new composition of the Board is as follows: Board of Directors: Wong Siu Hong Alfred ­ Executive Chairman and Managing Director; Wong Phui Hong ­ Non-Executive Director; Freddie Heng Kim Chuan ­ Non-Executive Independent Director; Foo Der Rong ­ Non-Executive Independent Director; Aric Loh Siang Khee ­ Non-Executive Independent Director. Audit Committee: Aric Loh Siang Khee (Chairman); Freddie Heng Kim Chuan; Wong Phui Hong; Foo Der Rong. Remuneration Committee: Foo Der Rong (Chairman); Freddie Heng Kim Chuan; Wong Siu Hong Alfred; Aric Loh Siang Khee. Nominating Committee: Foo Der Rong (Chairman); Freddie Heng Kim Chuan; Wong Siu Hong Alfred; Aric Loh Siang Khee.