The board of directors of Memiontec Holdings Ltd. announced the following changes to the Board and the Board Committees of the Company with effect from 1 July 2021: The appointment of Mr. Loh Eu Tse Derek ("Mr. Loh") as an Independent Director of the Company. Following his aforesaid appointment, Mr. Loh will also be appointed as the Chairman of the Nominating Committee and a member of the Audit Committee and the Remuneration Committee of the Company. The cessation of Mr. Tay Kiat Seng ("Mr. Tay") as the Chairman of the Company. Mr. Tay will remain as the Executive Director and Chief Executive Officer of the Company. The appointment of Mr. Jackson Chevalier Yap Kit Siong ("Mr. Yap"), the Lead Independent Director of the Company since 30 December 2019, as the Independent Non-Executive Chairman of the Company. Following the aforesaid appointment, Mr. Yap will no longer assume the role of the Lead Independent Director of the Company as such requirement to have a Lead Independent Director under Provision 3.3 of the Code of Corporate Governance 2018 would no longer be applicable.