Neo Group Limited announced the retirement of Wong Hin Sun, Eugene as Non-Independent Non-Executive Director, members of audit & risk committee, nominating committee and remuneration committee. The reason for cessation is retirement as non-independent non-executive director at the 6th annual general meeting of the company held on 26 July 2018 to facilitate the board succession and renewal process as well as complying the requirements of the guideline of Code of Corporate Governance 2012 that the independent directors should make up at least half of the Board of Directors where the Chairman and Chief Executive Office is the same person. The board of directors of the company announced that the board committees of the company had been re-constituted as follows: appointment of Mr. Yeo Kok Tong as the Lead Independent Director and Mr. Tan Lye Huat will relinquish his role as Lead Independent Director concurrently; appointment of Mr. Yeo Kok Tong as the Chairman of Nominating Committee and relinquish his role as Chairman of Remuneration Committee but will remain as member of the Remuneration Committee; appointment of Mr. Ng How Hwan, Kevin as the Chairman of Remuneration Committee and relinquish his role as the Chairman of Nominating Committee but will remain as member of the Nominating Committee and be the member of Audit & Risk Committee; and appointment of Mr. Tan Lye Huat as the member of Remuneration Committee. The new composition of the Board Committees is effective from 26 July 2018.