Shen Yao Holdings Limited announced that the Nominating Committee had considered the credentials of Pek Choon Lee and recommended his appointment as Non-Executive Independent Director of the Company. The Board reviewed Mr. Pek's background, qualifications and experience and is of the view that he will bring valuable experience and insights that would be important to the strategic interests of the Company. Role And Responsibilities: The appointment is as Non-Executive Independent Director.

Job Title: Independent Non-Executive Director, Chairman of the AC, NC, RC and Shen Yao Performance Award Committee. Working Experience: 2009 - Present - Managing Director of One World Business Advisory Pte Ltd. The Nominating Committee had considered the credentials of Mr. Pek and recommended his appointment as Non-Executive Independent Director of the Company. The Board reviewed Mr. Pek's background, qualifications and experience and is of the view that he will bring valuable experience and insights that would be important to the strategic interests of the Company.

Role And Responsibilities: The appointment is as Non-Executive Independent Director. Job Title: Independent Non-Executive Director, Chairman of the AC, NC, RC and Shen Yao Performance Award Committee. Working Experience: 2009 - Present - Managing Director of One World Business Advisory Pte Ltd. Other: DirectorShips Past Viva Healthcare Private Limited Zenitec Pte.

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Ltd. Director Experience Details Mr. Pek will undergo training on the roles and responsibilities of a director of a listed issuer to meet the mandatory training requirements under Rule 406(3)(a) of the Catalist Rules within one year from the date of his appointment to the Board. Professional Qualifications Bachelor of Business, RMIT Master of Business Administration, Nanyang Technological University EMBA (APEC), National University of Singapore. Appointment date is October 17, 2023.