Megachem Limited Announces Reconstitution of the Board of Directors and Board Committees
assume the positions of Chairman of the Remuneration Committee and member of the Audit
Committee. Mr. Sim Guan Seng ("Mr. Sim") will be appointed as the Independent Director and will assume the positions of Chairman of the Audit Committee and member of the Nominating and Remuneration Committees. Reconstitution of the Board of Directors and Board Committees: Following the abovementioned changes, the new composition of the Board and Board Committees shall be reconstituted as follows with effect from 20 April 2024: Board of Directors: Mr. Yeo Wee Kiong (Independent Director and Non-Executive Chairman); Mr. Sidney Chew Choon Tee (Managing Director); Mr. Daniel Loh Hong Chye (Independent Director); Mr. Sim Guan Seng (Independent Director); Mr. Yasutaka Kawamura (Non-Executive and Non-Independent Director). Audit Committee: Mr. Sim Guan Seng (Chairman, Independent Director); Mr. Yeo Wee Kiong (Member, Independent Director and Non-Executive Chairman); Mr. Daniel Loh Hong Chye (Member, Independent Director). Nominating Committee: Mr. Yeo Wee Kiong (Chairman, Independent Director and Non-Executive Chairman); Mr. Sim Guan Seng (Member, Independent Director); Mr. Sidney Chew Choon Tee (Member, Managing Director). Remuneration Committee: Mr. Daniel Loh Hong Chye (Chairman, Independent Director); Mr. Yeo Wee Kiong (Member, Independent Director and Non-Executive Chairman); Mr. Sim Guan Seng (Member, Independent Director).