The Board of Directors of KS Energy Limited announced that Mr. Billy Lee Beng Cheng has retired as Director of the Company at the Annual General Meeting held on 29 April 2016, and therefore stepped down as the Chairman of the Remuneration Committee (RC) and member of the Audit & Risk Management Committee (ARMC) and Nominating Committee (NC). In addition, the RC has elected Mr. Chew Choon Soo, Independent Director and member of the RC of the Company, to act as Chairman of the RC in place of Mr. Billy Lee Beng Cheng. Separately, based on the recommendation of the NC, the Board has approved that Mr. Soh Gim Teik, Independent Director of the Company, be appointed as member of the RC, and Mr. Lawrence Stephen Basapa and Mr. Chew Choon Soo, Independent Directors of the Company, be appointed as members of the ARMC.