The Board of Directors of LCD Global Investments Ltd. announced the voluntary cash offer by AF Global to acquire all the issued and paid-up ordinary shares (other than treasury shares) in the capital of the company, other than those already owned, controlled or agreed to be acquired by AF Global and certain concert parties of AF Global. Following the close of the offer, AF Global and its concert parties owned, controlled, have acquired or agreed to acquire approximately 83.9% of the issued shares of the company on March 12, 2015. Following the change in control of the company as a result of the offer, the following changes to the Board members have taken effect from April 2, 2015: Cessation of Directors ­ the cessation of the appointments of: Mr. Lawrence Ee Hock Leong as Non-Executive Chairman and Independent Director of the company; Dr. Chua Sian Eng as Independent Director of the company; Mr. Richard Fam Shou Kwong as Independent Director of the company; Mr. Zainul Abidin Bin Mohamed Rasheed as Independent Director of the company; Mr. Kelvin Lum Wen-Sum as Managing Director of the company; Ms. Iris Wu Hwee Tan as Executive Director of the company.

The appointments of: Mr. Woo Peng Kong as Independent Director of the company; Mr. Meelan Gurung as Independent Director; and Mr. David Ong Mung Pang as Independent Director of the company. The composition of the Board with effect from April 2, 2015 shall be as follows: Mr. Koh Wee Seng (Chairman, Non-Executive Director), Mr. Chay Yue Kai (Executive Director), Mr. David Ong Mung Pang (Independent Director), Mr. Woo Peng Kong (Independent Director), and Mr. Meelan Gurung (Independent Director). Following the change in the composition of the Board, the Board Committees of the company are reconstituted with effect from April 2, 2015 as follows: Audit Committee: Mr. Meelan Gurung (Chairman), Mr. Periakaruppan Aravindan, Mr. Woo Peng Kong, Mr. David Ong Mung Pang; Nominating Committee: Mr. Woo Peng Kong (Chairman), Mr. Koh Wee Seng, Mr. Meelan Gurung; Remuneration Committee: Mr. David Ong Mung Pang (Chairman); Mr. Periakaruppan Aravindan, and Mr. Woo Peng Kong.