The Board of IOUpay Limited announced that it has resolved to appoint Mr. Frank Chin Suan Yong as the Company's new Chief Financial Officer (CFO), effective immediately. Frank has been working with the Company on a contractor basis since the start of December and has been instrumental in finalising the recently audited financial accounts. He brings almost 30 years' experience in audit, accounting and finance, including corporate governance, risk management, fraud management, internal control systems, M&A and funds raising.

He is a Chartered Accountant (Malaysian Institute of Accountants), a CPA (Malaysian Institute of Certified Public Accountants) and a Chartered Member of The Institute of Internal Auditors Malaysia. Frank started his career as an external auditor in Arthur Andersen Malaysia and has extensive experience in leading the finance function in various industries, including transportation and logistics, telecommunications, plantation, property development, construction, engineering, retail, hospitality and manufacturing. Frank's appointment in this pivotal executive role is a core element in the rebuilding of the management team to support ongoing business operations.