The Board of Directors of The Straits Trading Company Limited announced that Dr. Gary Hilton Weiss has resigned as an Independent and Non-Executive Director with effect from 30 September 2020. Dr. Weiss will also cease to be the Chairman and Member of the Remuneration Committee. Dr. Weiss gave a public undertaking that if he were appointed to the board of directors of Cromwell Property Group ("Cromwell"), he would step down as a director of the Company to remove any perceived conflict of interest. Dr. Weiss was elected as a director of Cromwell on 18 September 2020. In accordance with his undertaking, he has therefore tendered his resignation as an Independent and Non-Executive Director of the Company.