Ho Bee Land Limited announced the following changes to its Board of Directors and Board Committees of the Company: Mr. Jeffery Chan Cheow Tong was appointed to the Board in 2002. He was also appointed as a board member of Ho Bee Foundation in 2017. As part of the Company's Board renewal plan, two new independent directors, Ms Pauline Goh and Mr. Lim Swee Say, were appointed this year. The Company would like to express its gratitude and appreciation towards Mr. Chan for his invaluable contributions to the Board during his 19-year tenure. Mr. Bobby Chin Yoke Choong shall be redesignated as Non-Independent Non-Executive Director with effect from 31 December 2021. With Mr. Chin's redesignation, Mr. Lim Swee Say shall be appointed Lead Independent Director in his place. Following the above changes and the earlier announcement of 9 November 2021, the Board and Board Committees shall be reconstituted as set out below with effect from 1 January 2022.