QAF Limited announced that its Chairman, Mr. Didi Dawis, will be stepping down and that the Company will be making changes to the composition of the Board in particular in light of the nine-year rule relating to directors' independence. With effect from 1 May 2021, the following appointments will take effect: Mr. Andree Halim will assume the position of Chairman. In addition to Mr. Didi Dawis, Mr. Tan Teck Huat, Mr. Tan Hang Huat and Mr. Gianto Gunara have stepped down from the Board with effect from 30 April 2021. The appointments of new Independent Non-executive Directors, Mr. Norman Ip and Mr. Chee Teck Kwong Patrick, and the appointment of Ms Ong Wui Leng Linda as an Executive Director (Group Finance Director). Information on the new appointees pursuant to Rule 704(7)(a) of the SGX-ST Listing Manual will be released on SGXNET.