Singamas Container Holdings Limited announced that (i) Mr. Chang Yun Chung (also known as Mr. Teo Woon Tiong) has retired from his office as executive Director of the company in accordance with the Articles and did not offer himself for re-election at the AGM, due to attainment of the retirement age. Accordingly, he has ceased to be the Chairman of each of the Board and the nomination committee of the company and a member of the management committee of the company; and (ii) Mr. Hsueh Chao En has retired from his office as executive Director of the company in accordance with the Articles and did not offer himself for re-election at the AGM, as to devote more time to his personal affairs. Accordingly, he has ceased to be a member of the Management Committee of the company.

The Board further announced the following following the retirement of Mr. Chang: (i) Mr. Teo Siong Seng, the existing Vice-chairman, President and Chief Executive Officer of the company, has been appointed as the Chairman of each of the Board and the Nomination Committee; and (ii) Mr. Chang has been appointed as the Honorary Chairman of the company as recognition of his invaluable contributions and devotion to the group during his term of office. Mr. Chang will not be a member of the Board.