Cape Range Limited announced that it has received signed resignations from both Wayne Johnson and Michael Higginson as Directors of the Company. In addition, Michael Higginson has resigned as Company Secretary of the Company. The Board is to announced the appointments of Datuk Dr TS Yong and Mr. Benedict Paul Reichel as non-executive Directors of the Company, effective immediately.

Mr. Reichel has also been appointed as Company Secretary. Dr Yong is currently Managing Director of iFREE Group Security Sdn Bhd, a Subsidiary of iFREE Group Hong Kong, and he also sits on the Board of Advisors of iFREE Group Hong Kong. He serves as Non-Executive Director of Yulon Capital Sdn Bhd, a subsidiary of Shin Shin Credit Ltd, Taiwan, which is wholly owned by Yulon Finance Corporation, a public company listed on the Taiwan Stock Exchange.

Dr Yong is an Independent Director and Audit Committee Member of Globaltec Formation Bhd, a public company listed on the Main Market of Bursa Malaysia Securities. Ben Reichel is a senior executive with extensive professional experience in the gaming, media and technology sectors, as a company director, lawyer, and company secretary. He has considerable expertise in the ASX listed environment, including.

Ben has managed all aspects of Board and corporate services for ASX listed entities, including relationships with regulators, law firms, share registries, and auditors. With the appointment of Mr. Reichel (who is an Australian resident) and Dr Yong as Directors, the Company is in full compliance with the requirements of section 201A(2) of the Corporations Act and the ASX Listing Rules.