Serial System Ltd. announced that Mr. Derek Goh Bak Heng has been appointed the Executive Director and Executive Chairman of the Company with effect from 9 January 2024 and will continue to concurrently serve as the Group CEO of the Company and its subsidiaries (the Group). Following Mr. Derek Goh Bak Heng's appointment by the Board as the Executive Director and Executive Chairman of the Company, Mr. Teo Ser Luck will relinquish his role as Independent Non-Executive Acting Chairman of the Board and will be re-designated as Independent Non-Executive Deputy Chairman of the Board.