Yangzijiang Shipbuilding (Holdings) Ltd. announced re-designation of Mr. Chen Timothy Teck Leng from Non-Executive Independent Director to Non-Executive Lead Independent Director. The Board of Directors of the Company has reviewed and considered the qualifications and experience of Mr. Chen Timothy Teck Leng @ Chen Teck Leng and upon the recommendation of the Nominating Committee, has approved the appointment of Mr. Chen Timothy Teck Leng @ Chen Teck Leng as Non-Executive Lead Independent Director of the Company. Working Experience: Mr. Chen Timothy Teck Leng @ Chen Teck Leng has more than three decades of management experience in banking, insurance, investment fund and corporate advisory work.

Director Experience Details: Independent Director and Chairman of Audit Committee of:- Tianjin Zhongxin Pharmaceutical Group Corporation Ltd. since 2007; Xinren Aluminium Holdings Ltd. since 2010; and TMC Educational Corporation Ltd. since 2010. Professional Qualifications: Mr. Chen Timothy Teck Leng @ Chen Teck Leng graduated in Bachelor of Science degree from University of Tennessee and Master of Business Administration degree from Ohio State University. He is a graduate of Harvard Business School's Executive Management Program.

He received his Certified Corporate Director (ICD.D) designation from the Canadian Institute of Corporate Directors.