The board of directors of Azeus Systems Holdings Ltd. announced the re-designation of the Lead Independent Director Mr. Michael Yap Kiam Siew to Executive Director with effect from 20 April 2020. Concurrently, Mr. Yap will be appointed as the Deputy Chairman of the Board relinquish his position as the Chairman of the Remuneration Committee and Member of the Audit and Nominating Committee of the Company. Mr. Stephen Ho ChiMing ("Mr. Ho") will be appointed as the Lead Independent Director of the Company with effect from 20 April 2020 and concurrently assumes the role as the Chairman of the Remuneration Committee and Member of the Audit and Nominating Committee in place of Mr. Yap.