The Board of Directors of Swee Hong Limited announced that Mr. Peter Moe has been appointed as Chairman of the Board of Directors of the company, Chairman of the Nominating Committee and Chairman of the Remuneration Committee with effect from 6 November 2017; and Mr. Harish Parameswar has ceased to be an Independent Director of the company and following this, Mr. Harish Parameswar shall cease to be the Non-Executive Chairman of the Board of Directors, Chairman of the Remuneration Committee, Chairman of the Nominating Committee and member of the Audit Committee with effect from 6 November 2017.