The Board of Directors of Kori Holdings Limited announced that Mr. Kori Nobuaki will resign as the Non-Executive and Non-Independent Chairman of the Company with effect from 15 May 2018. Upon the effective resignation of Mr. Kori Nobuaki, Mr. Hooi Yu Koh will be appointed as Executive Chairman and Chief Executive Officer of the company. He will be responsible to evaluate new business opportunities for the group and business management and day-to-day operations of the Group.

From 2017 to present, he was Executive Director of Be-st A-A Centre Pte. Ltd. The Board will appoint Mr. Kuan Cheng Tuck as the Lead Independent Director of the Company with effect from 15 May 2018.