The Board of Directors of Maxi-Cash Financial Services Corporation Ltd. announced that Mr. Ng Leok Cheng will be retiring from his position as Executive Director on 31 March 2022. Upon his retirement, he will assume the role of Senior Advisor to ensure a smooth leadership transition in the Group. The Company wishes to announce that on the recommendation of the Nominating Committee of the Company, the Board has approved the appointment of Mr. Ng Kean Seen as the Executive Director with effect from 1 April 2022.

Mr. Kean Ng is currently the Deputy Chief Executive Officer of the Group. Mr. Kean Ng joined Aspial-Lee Hwa Jewellery Singapore Pte Ltd. in December 2000 and held various appointments including Senior Director in the Jewellery Business from 2018 to 2021. The Board is confident that Mr. Kean Ng's extensive experience in business development and retail management will add value to the Group.