USP GROUP LIMITED

(Incorporated in Singapore)

(Company Registration No: 200409104W)

  1. APPOINTMENT OF NON-INDEPENDENTNON-EXECUTIVE DIRECTOR
  2. CHANGES IN THE COMPOSITION OF THE BOARD
  3. WELL WISHES

The Board of Directors (the "Board") of USP Group Limited (the "Company") wishes to announce the following changes with immediate effect.

  1. APPOINTMENT OF NON-INDEPENDENTNON-EXECUTIVE DIRECTOR
    Mr. Lew Kwang Ping ("Mr Lew") has been appointed as Non-IndependentNon-Executive Director of the Company.
    Mr. Lew will be considered non-independent as he will be involved in the general business and affairs of the Company upon his appointment.
  2. CHANGES IN COMPOSITION OF BOARD
    Consequent to the above changes, the composition of the Board of the Company will be as follows:
    Board of Directors
    Tanoto Sau Ian - Executive Director and Chief Executive Officer Joseph Tan Chin Aik - Independent Non-Executive Director Chia Heng Chian - Independent Non-Executive Director Djohan Sutanto - Independent Non-Executive Chairman
    Lew Kwang Ping - Non-IndependentNon-Executive Director
    There will be no changes to the Board Committees, and the Board committees will remain as follows:
    Audit and Risk Management CommitteeChia Heng Chian (Chairman)
    Djohan Sutanto (Member) Joseph Tan Chin Aik (Member)
    Nominating CommitteeDjohan Sutanto (Chairman) Tanoto Sau Ian (Member) Joseph Tan Chin Aik (Member)
    Remuneration CommitteeJoseph Tan Chin Aik (Chairman) Djohan Sutanto (Member)
    Chia Heng Chian (Member)
  3. WELL WISHES
    Mr Lew brings with him experience in the fields of fund management, environment, power and utilities, military and healthcare. With the numerous accolades and achievements to his name, and the excellent network of contacts he has built up, Mr Lew will be an invaluable asset to the Company.

The Board and Management of the Company expresses its congratulations and wishes the best to Mr Lew in his new appointment. The Board and Management is confident that Mr Lew's skillset and experience will bring the Company to new heights, and is looking forward to working with him.

For and on behalf of the Board

Tanoto Sau Ian

Executive Director and Chief Executive Officer

2 July 2021

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USP Group Limited published this content on 02 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2021 14:59:05 UTC.