The Board of Directors of PSL Holdings Limited announced the Board changes with effect from 19 May 2016. It announced appointment of Mr. Wee Liang Hiam as Independent Non-Executive Director, Chairman of Nominating Committee and a member of Audit Committee and Remuneration Committee. Resignation of Mr. Chan Yu Meng as Independent Non-Executive Director, Chairman of Nominating Committee and a member of Audit Committee and Remuneration Committee. Resignation of Mr. Mark Zhou You Chuan as Executive Director. Mr. Mark Zhou will remain as Chief Executive Officer of the Company till 12 November 2016, or any other earlier date as may be mutually agreed by both parties.