The Board of Directors of United Industrial Corporation Limited announced that Mr. Lim Hock San has retired as President of the UIC Group on 30 September 2020. Mr. Jonathan Eu, the Chief Operating Officer, shall be responsible for the operations and performance of the Group with a focus on developing the Group's business growth and expansion strategy. The Group will continue to benefit from the invaluable guidance and support from the Board, with the COO reporting to the Board and working in conjunction with Mr. Liam Wee Sin, the Group Chief Executive of UOL Group Limited, the Company's holding company.