The Board of Directors of Koon Holdings Limited announced the appointment of Mr. Loo Woei Harng as a Director in Koon Construction & Transport Co. Pte. Ltd., Econ Precast Pte. Ltd. and Contech Precast Pte. Ltd. Prior to the above appointment, Mr. Loo was an Executive Director in GPS Alliance Development & Investment Pte. Ltd., the company's 51% subsidiary and has been with the group since September 2012. Mr. Tay Tiak Poh and Mr. Mok Chin Ket have ceased to be directors in Koon Construction & Transport Co. Pte. Ltd., Entire Construction Pte. Ltd. and Koon Construction &
Transport Sdn. Bhd.