Penguin International Limited announced that Mr. Chan Moon Kong and Mr. Tay Kim Hock, who did not seek re-election as Directors, retired from the Board upon the conclusion of the company's AGM on April 28, 2015. Upon his retirement from the Board, Mr. Chan Moon Kong ceased to be Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. Upon his retirement from the Board, Mr. Tay Kim Hock ceased to be a member of the Audit, Remuneration and Nominating Committees.

Mr. Leow Ban Tat has been appointed Non-Executive and Independent Director with effect from April 28, 2015. Mr. Leow has also been appointed as a member of the Audit and Remuneration Committees. The company announced retirement of Chan Moon Kong as Non-Executive and Independent Director on April 28, 2015.