The Board of Directors of OEL (Holdings) Limited announced changes to the Board and Board Committees with effect from 27 February 2020 as: resignation of Mr. Renny Yeo Ah Kiang as Lead Independent Director of the company. Following his resignation, Mr. Renny has ceased to be the Chairman of the Audit Committee and Remuneration Committee and a member of the Nominating Committee; resignation of Mr. Jeffrey Hing Yih Pier as a Non-Executive Director of the company. Following his resignation, Mr. Jeffrey has ceased to be a member of the Audit Committee, Nominating Committee and Remuneration Committee; appointment of Mr. Yap Koon Loong as an Independent Director of the Company. Following his appointment, Mr. Yap will be the Chairman of the Audit Committee and remuneration Committee and a member of the Nominating Committee; and appointment of Ms. Wang Jue as an Executive Director of the Company.