The board of directors of SingAsia Holdings Limited announces that Mr. Lim Wee Pin (``Mr. Lim'') has been appointed as the independent non-executive Director, the chairman of the audit committee of the Company (the "'Audit Committee''), a member of each of the remuneration committee (the "Remuneration Committee'') and the nomination committee (the Nomination Committee'') of the Company with effect from 31 March 2020. Mr. Lim, aged 48, has over 20 years of experience in corporate financing, accounting, financial advisory and project management. Mr. Lim is currently a chief finance officer of C. Melchers GmbH & Co. and an independent non-executive director of Snack Empire Holdings Limited. The Board also announces that Mr. Chan Fong Kong Francis (``Mr. Chan'') has resigned as an independent non-executive Director, the chairman of the Audit Committee, a member of each of the Remuneration Committee and the Nomination Committee with effect from 31 March 2020 due to his other commitments.