The Board of Directors of Starland Holdings Limited announced that the company had on 22 August 2016 established a Risk Committee comprising the following independent directors as it members: Mr. Low Wai Cheong as Chairman; Mr. Foong Daw Ching and Mr. Tan Chade Phang as members of Committee. This committee has been tasked to, inter alia, review and assess risks to the Group arising from the proposed acquisition of equity interest in Ayondo Holding AG, which was announced on 20 June 2016.