Oniontech Limited announced that with effect from February 28, 2014, the appointment of Mr. Lim Yit Keong, an Independent Director and Chairman of the Audit Committee as the Lead Independent Director of the company. Mr. Lim Yit Keong remains as a member of Nominating and Remuneration Committees. Mr. Cheam Heng Haw, a member of the Remuneration Committee, has been re-designated as the Chairman of the Remuneration Committee in place of Mr. Lim Yit Keong.

Consequent to the re-designation, Mr. Lim Yit Keong shall remain as a member of the Remuneration Committee.