Parkson Retail Asia Limited announced that Mr. Tan Siang Long has retired as a Non-Independent Non-Executive Director of the company at the conclusion of the company's Annual General Meeting held on October 31, 2018. Mr. Michael Chai Woon Chew will replace Mr. Ng Tiak Soon as the company's Lead Independent Director with effect from October 31, 2018. Following the retirement of Mr. Tan at the said AGM, the composition of Board Committees: Audit Committee: Ng Tiak Soon - Chairman /Independent Director; Tan Soo Khoon - Member /Independent Director; Michael Chai Woon Chew - Member /Lead Independent Director. Remuneration Committee: Tan Soo Khoon - Chairman /Independent Director; Ng Tiak Soon - Member /Independent Director; Michael Chai Woon Chew - Member /Lead Independent Director. Nominating Committee: Michael Chai Woon Chew - Chairman /Lead Independent Director; Tan Soo Khoon - Member /Independent Director; Tan Sri William Cheng Heng Jem - Member /Executive Director.