Following the completion of the acquisition by the Company of Mobile Credit Payment Pte. Ltd. and as approved by the shareholders of the Company at the extraordinary general meeting of the Company on 22 January 2021, Mr. Shawn Ching Wei Hung was appointed to the Board of Directors of the Company as part of the re-constitution of the Board. The Board, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Mr. Shawn Ching, is of the view that Mr. Shawn Ching has the requisite experience and capability to assume the responsibility as Non-Executive Non-Independent Director of the Company. Accordingly, the Board approved the appointment of Mr. Shawn Ching as Non-Executive Non-Independent Director of the Company.