Natural Cool Holdings Limited announced that Mr. Choy Bing Choong ("Mr Choy") is currently Chief Investment Officer of the Company. The Board of Directors has considered among others, the recommendation of the Nominating Committee and the qualifications and experiences of Mr. Choy, and approved the promotion of Mr. Choy as an Executive Director and Group Chief Operating Officer of the Company. The appointment date is March 1, 2020. As Executive Director and Group Chief Operating Officer, Mr. Choy is responsible for execution of the Company's business strategies and plans, overseeing financial, administrative, human resources, investor relations, regulatory and compliance functions, as well as continue with his current Chief Investment Officer duties. Mr. Choy Bing Choong is currently an independent director of Hiap Tong Corporation Ltd, Hoe Leong Corporation Ltd. and Zhongmin Baihui Retail Group Ltd.