Precious Shipping Public Company Limited at the Annual General Meeting of Shareholders held on 8 July 2020 appointed Mr. Chaipatr Srivisarnvacha, Independent Director, as the new Chairman of the Board of Directors of the Company with effect from 8 July 2020. Ms. Pensri Suteerasarn, Independent Director, as the new Chairperson of the Nomination Committee for a 2 year term with effect from 8 July 2020 in replacement of Mr. Chaipatr Srivisarnvacha who is now appointed as the Chairman of the Board of Directors of the Company.