The Board of Directors of Silverlake Axis Ltd. announced the re-designation of Dr. Kwong Yong Sin ("Dr. Kwong") from Executive Director ("ED") to Non-Independent Non-Executive Director ("NINED") with effect from 01 July 2022.
Dr Kwong was appointed as ED on 01 July 2019. As ED, he took on the role of Senior Advisor to the Group and led the Strategic Digital Value Program to accelerate the growth and value creation of the Group's Digital Ecosystem Platforms. Prior to that, he was the Group Managing Director of the Company. Pursuant to the terms of his employment, Dr. Kwong has reached his retirement age of 65 and is scheduled to retire from his current role on 01 July 2022. Given his qualifications and his familiarity with the business of Silverlake Group, the Board agreed to re-designate him as NINED from ED and to coincide his re-designation to take effect on his date of retirement on 01 July 2022.