The Board of Serrano Limited has approved the appointment of Mr. Tan Han Beng as the Chief Executive Officer, taking into consideration of his previous work experience and qualifications. The appointment is executive. Upon his appointment as Chief Executive Officer of the Company, he will be responsible for overseeing the overall management of the Group's business. In addition, he will be leading the strategic review of the Group's business and overseeing the execution of the strategic plans approved by the Board.