Yoma Strategic Holdings Ltd. has appointed Mr. George Thia Peng Heok as a Non-Executive Independent Director. Mr. Thia will be the Chairman of the Audit and Risk Management Committee and a member of the Nominating and Governance and Remuneration Committees. Mr. Thia will take over from Mr. Basil Chan who has resigned from the Board of Yoma Strategic and is proposed by SHC to be appointed as the Lead Independent Director of SHC Capital Limited (thereafter to be renamed Memories Group Limited) upon completion of its proposed acquisition of MM Myanmar Pte. Ltd. The abovementioned resignation and appointments will take effect from 22 December 2017. Mr. Thia is the Lead Independent Director of CH Offshore Ltd. He also sits on the Board of Governors of Singapore Institute of Management and is a Trustee of the National Cancer Centre's Community Cancer Fund and NCC Research Fund. He has more than 35 years' experience as a merchant banker, stockbroker and financial consultant, being actively involved in many corporate finance transactions in Singapore and the surrounding region. Mr. Thia was Managing Director at Morgan Grenfell (Asia) Limited, Merrill Lynch International Bank Limited, Sun Hung Kai Securities Pte Limited and Lum Chang Securities Pte Limited. He was also an Executive Director and Partner of Kay Hian Pte Limited (now UOB Kay Hian Securities Limited) and had acted as a financial consultant to several private families and public listed companies, including Orchard Parade Holdings Limited and Provision Suppliers Corporation Limited.