Hiap Hoe Limited announced that to comply with Rule 210(5)(d)(iii) of the SGX Listing Manual (9 year independence rule) and to facilitate the renewal of Independent Directors on the Board, Mr. Ronald Lim Cheng Aun will be stepping down as Non-Executive Chairman and Independent Director of the Company with effect from 2 January 2024, and he will concurrently relinquish his position as Chairman of the Nominating Committee, and member of the Audit and Risk Committee and Remuneration Committee.