Soilbuild Construction Group Ltd. announced cessation of Poon Hon Thang as Lead Independent Director, Chairman of Audit Committee, and member of the Nominating Committee and the Remuneration Committee. Mr. Poon was appointed as Independent Director of Soilbuild Construction Group Ltd. on 8 May 2013 and has served on the Board for a continuous period of more than nine years. For compliance with the enhanced regulatory requirements on independence issued by the Monetary Authority of Singapore, Mr. Poon will retire as Independent Director with effect from 26 April 2023 (i.e. his last day of service will be on 26 April 2023).