The board of PT International Development Corporation Limited announced that Mr. Chu Kin Wang, Peleus did not offer himself for re-election as an independent non-executive director of the company at the AGM as he requires more time to pursue his other business engagements and accordingly retired as an independent non-executive director of the company upon the conclusion of the AGM held on September 27, 2017. Upon the retirement of Mr. Chu, he also ceased to be the Chairman of the Audit Committee, a member of the Remuneration Committee, the Nomination Committee and the Corporate Governance Committee with effect from the conclusion of the AGM. Mr. Yeung Kim Ting, an Independent Non-executive Director of the Company and a current member of the Audit Committee, has been appointed as the Chairman of the Audit Committee with effect from the conclusion of the AGM.