OxPay Financial Limited announced the appointment of Mr. Chin Chen Keong ("Mr Chin") as Non-Executive Independent Director of the Company with effect from 1 July 2022. Following the appointment of Mr. Chin, Mr. Ng Weng Sui Harry1 ("Mr Ng") will relinquish his role as the Chairman of the Audit Committee of the Company ("AC") and Mr. Chin will be appointed as the Chairman of the AC in place of Mr. Ng. Mr. Ng shall remain as a member of the AC.

Accordingly, with effect from 1 July 2022, the AC will be reconstituted as follows: Mr. Chin Chen Keong (Chairman), Mr. Kesavan Nair (Member), Mr. Chee Kheng Hock, Rothschild (Member), Mr. Ng Weng Sui Harry (Member), Mr. Kesavan Nair ("Mr Nair"), a Non-Executive Independent Director of the Company, will be appointed to assume the role of Lead Independent Director of the Company with effect from 1 July 2022. Mr. Nair is currently the Chairman of the Remuneration Committee of the Company and a member of the AC and the Nominating Committee of the Company. Following the aforesaid, the composition of the Board shall be as follows: Mr. Ching Chiat Kwong (Non-Executive Non-Independent Chairman), Mr. Shawn Ching Wei Hung (Non-Executive Non-Independent Deputy Chairman), Mr. Tan Chee Keong (Managing Director), Mr. Ng Weng Sui Harry (Non-Executive Non-Independent Director), Mr. Kesavan Nair (Non-Executive Lead Independent Director), Mr. Chin Chen Keong (Non-Executive Independent Director), Mr. Chee Kheng Hock, Rothschild (Non-Executive Independent Director).