Lasseters International Holdings Limited announced the re-designation of Dato' Jaya J B Tan from an Executive Chairman to a Non-Executive Chairman of the Company and the resignation of Dato' Jaya J B Tan as member of the Nominating Committee with effect from 31 October 2020. The re-designation is due to Dato' Jaya's intention to focus on other commitments and his resignation from the NC is to enable the Company to comply with Provision 4.2 of the Code of Corporate Governance 2018 of which requires the NC to comprise at least 3 directors, the majority of whom, including the NC Chairman, are independent.