MC Payment Limited announced that at its extraordinary general meeting (EGM) held on June 30, 2021, shareholders of the Company voted in favour of appointing 5 new directors to the board of directors of the Company ("Board"). The EGM was convened pursuant to a requisition notice from the Company's controlling shareholder, Mr. Ching Chiat Kwong. Mr. Ching's requisition notice, issued on 4 May 2021, requested the then directors of the Company to convene an EGM for the purposes of nominating and appointing Mr. Ng Weng Sui Harry, Mr. Shawn Ching Wei Hung and Mr. Ching himself ­ as well as two other nominees, Mr. Chee Kheng Hock, Rothschild and Mr. Tan Chee Keong ­ as directors of the Company. Separately, 5 of the 6 existing directors of the Board, namely Mr. Albert Saychuan Cheok, Ms. Lillian Koh and Mr. Ong Kim Huat, Mr. Anthony Koh and Mr. Kim Moon Soo, have tendered their letters of resignation. In addition, Mr. Koh and Mr. Kim have also tendered their letters of resignation for the key management positions of Chief Executive Officer ("CEO") and Chief Operating Officer ("COO") respectively. Mr. Koh and Mr. Kim will remain with the Group until their last day of service on 30 December 2021 and 30 September 2021 respectively to ensure a smooth transition and complete handover of their duties as the CEO and the COO. Mr. Kesavan Nair will continue to remain as a director of the Company.