The Nominating Committee has recommended Mr. Ng Beng Tiong to the Board for appointment as a director. Ng Beng Tiong is a seasoned C-suite corporate executive with background in finance and banking. He is presently the Deputy Group Chief Executive Officer and Group Chief Operating Officer of ARA Asset Management Limited, a leading APAC real assets fund manager with a global reach. In addition, After reviewing Mr. Ng's business background, work experience and qualifications and the recommendation of the Nominating Committee, the Board has approved the appointment of Mr. Ng as a non-executive independent director of Vicplas International Ltd. and as Member of the Audit and Risk Committee.