The Board of Directors of Chip Eng Seng Corporation Ltd. refers to the announcement dated 2 October 2019 in relation to the sale and purchase agreement entered into between Chip Eng Seng Construction Pte. Ltd. with Sembawang Corporation Limited (the "Seller"), to acquire 100% of the issued and paid-up share capital of Sembcorp Design and Construction Pte. Ltd. ("SDC") (the "Acquisition"). The Board announced that the company has completed the Acquisition on 12 December 2019 (the "Completion Date"). Following the completion of the Acquisition, the company has appointed Mr. Yam Ah Mee as a non-executive and non-independent director of the company with effect from the Completion Date. The Board has considered the recommendation of the Nominating Committee and Mr. Yam's qualifications and experience, including his extensive experience and outstanding track record while serving in the Singapore Armed Forces and in the civil service as well as his relevant work experience in the construction sector during the course of his employment with SCI since 2013. The Board is thus of the view that Mr. Yam has the requisite track record, experience and capabilities to assume the responsibilities as a non-executive and non-independent director of the company, provide the Board with insight and guidance given his vast experience locally and overseas, and assist the Group to strengthen its existing operations and create synergies among different construction segments. In addition, Mr. Yam's experience in public service will be relevant to the Group in upholding and enhancing the Group's corporate governance standards.