Titan Pharmaceuticals, Inc. announced the appointments of Dato Seow Gim Shen and Brynner Chiam to the Company's Board of Directors, effective October 12, 2023. Mr. Shen has also been appointed Chairman of the Board. Simultaneous with the election of Mr. Shen and Mr. Chiam to the Board, David E. Lazar and Peter L. Chasey each submitted their resignations from the Board, effective immediately.

Mr. Lazar will remain with the Company as Chief Executive Officer. Dato Seow Gim Shen obtained his Bachelor of Multimedia from Swinburne University of Technology in 2005. Dato Seow is an expert in IT development industry with more than 15 years of experience.

Dato Seow also serves as the chairman at Prima Niaga Group Sdn Bhd, Zchwantech Sdn Bhd and Blackwolf Technology Sdn Bhd where he oversees the business management and development of IT and software services as well as distribution of retail electronics. In addition, Dato Seow also serves as director of C Tech Solutions Sdn Bhd, Collaborate Technology Limited and Black Chamber Management Sdn Bhd where he leads and manages the business development and operations, domestic and overseas professional outsourcing services as well as start-up incubation developments. Dato Seow is also an executive director of C Tech Multimedia Sdn Bhd, leading the business management and development of digital agency products and services in the APAC region.

Dato Seow is a business advisor of Carzo Holdings Bhd and advisor to the management team of Dinwai Asia Equity Sdn Bhd. Brynner Chiam obtained his Bachelor of Business Studies (Accountancy) from Massey University in 1998. Since November 2020, he has held the position of vice president of finance and tax at Black Chamber Management Sdn Bhd where he oversees the finance team in managing, planning, and executing financial matters of the company and clients.

Mr. Chiam is focused on employee re-education and value creation, client satisfaction, and expanding the company's client base. Prior to his appointment at Black Chamber Management Sdn Bhd, Mr. Chiam served as a director of Tricor Taxand Sdn Bhd from 2014-2020, as a partner of Dell N Rinne Consultancy &Services from 2011-2014 and as finance director of Global Goals (M) Sdn Bhd from 2009-2010. Mr. Chiam also held managerial roles in the field of business and finance consultancy in companies including Walton International Property Group (M) Sdn Bhd, OSK Investment Bank Bhd, PricewaterhouseCoopers Human Resource Services Pte Ltd. (Singapore) and Brooks Business Consultancy Sdn Bhd.