The Board of Directors of Raffles United Holdings Ltd. announced the appointment of Mr. Tan Saik Hock as the Chairman of the Board with immediate effect following the retirement of Mr. Yeo Wee Kiong at the annual general meeting of the company held on April 20, 2015. Mr. Tan is also a member of the Audit Committee and the Chairman for both the Remuneration and Nominating Committees. The board of directors of the company announced the retirement of Mr. Kwek Che Yong and Mr. Yeo Wee Kiong as directors of the company at the AGM. Upon the retirement of Mr. Kwek, he ceases as the Deputy Chairman of the Board of Directors. Upon the retirement of Mr. Yeo, he also ceases as a member of the Audit and Remuneration Committees.

The board also approved first and final dividend of 0.1 Singapore cent per share for the year ended December 31, 2014, at the annual general meeting of the company held on April 20, 2015.