The board of directors of Transcorp Holdings Limited announced the following with immediate effect: Appointment of Non-Executive Chairman and Independent Director Mr. Lai Hock Meng has been appointed as Non-Executive Chairman and Independent Director of the Company with effect from 3 August 2018. Following his appointment, Mr. Lai has also been appointed as a member of t he Audit Committee, the Nominating Committee and the Remuneration Committee of the Company respectively. Mr. Tan Wee Heong has resigned as Non-Independent and Non-Executive Director of the Company with effect from 3 August 2018. Following his resignation, Mr. Tan has also ceased as a member of the AC, the NC and the RC of the Company respectively. The company also appointed Mr. Tan Wee Peng Kelvin as Chairman of the Audit Committee and Mr. Chia Siak Yan Vincent, Mr. Lai Hock Meng as Members of the Audit Committee. The company also appointed Mr. Chia Siak Yan Vincent as Chairman of the Nominating Committee and Mr. Tan Wee Peng Kelvin, Mr. Lai Hock Meng as Members of the Nominating Committee. The company also appointed Mr. Chia Siak Yan Vincent as Chairman of the Remuneration Committee and Mr. Tan Wee Peng Kelvin, Mr. Lai Hock Meng as Members of the Remuneration Committee.