Hotel Royal Limited announced that Dr. Pang Eng Fong was due to retire at the Annual General Meeting (AGM) of the Company held on 24 April 2021 pursuant to Article 117 of the Company's Constitution. He has been serving on the Board for slightly more than 9 years and decided not to seek for re-election to the Board of Directors of the Company at the forthcoming AGM as part of the Board rejuvenation process and good corporate governance practice. Accordingly, Dr. Pang Eng Fong will retire as an Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM. Upon his retirement, he will also cease to be Chairman of the Board, Lead Independent Director, Chairman of Nominating Committee ("NC") and member of the Audit and Risk Committee ("ARC") and Remuneration Committee ("RC") of the Company.