Vicplas International Ltd. appointed Walter Tarca as President of Medical Devices, effective January 11, 2016. The Nominating Committee has recommended Mr. Tarca's appointment as President of Medical Devices, in view of his extensive experience and senior leadership roles in the medical devices industry. Mr. Tarca's appointment is executive in nature and he assumes overall responsibility for the medical devices segment of the Group.

As President, Mr. Tarca will assume overall responsibility over the medical devices segment of the Group (Medical Devices) and report to the Acting Group Chief Executive Officer and the Board. Prior to re-locating to Singapore within the current financial year of the Group, he will commence his appointment initially on a secondment basis from a consultancy company in Hong Kong where he currently resides. This secondment arrangement will cease upon his re-location to Singapore.

His duties and responsibilities as President of Medical Devices will be the same during and after the secondment arrangement.