Precious Shipping Public Company Limited Board Meeting approved the appointment of Mr. Gautam Khurana as a new Director on the Board of Directors, with effect from 11 February 2020, in order to fill in the casual vacancy created by Mr. Jaipal Mansukhani's resignation from the Board of Directors in April 2019. It should be noted that Mr. Gautam currently holds the position of Director (Finance) in the Company and has been employed by the Company since December 2018. He is also an Executive Director on the Executive Board of the Company. The company also approved the establishment of the Risk Management Committee which comprises of: Mr. Khalid Hashim; Mr. Kamtorn Sila-On; Associate Professor Dr. Pavida Pananond, and (iv) Ms. Lyn Yen Kok. The Meeting also approved the appointment of Mr. Kamtorn Sila-On as the Chairman of the Risk Management Committee.