The Board of Directors of Axcelasia Inc. announced that, in line with the succession plan for the management team, with effect from 1 July 2019: Dato' Peter Tang Swee Guan, CEO and Executive Director, will relinquish his role as the CEO and will be re-designated as the Deputy Executive Chairman; and Mr. Ranjit Singh a/l Taram Singh, Executive Director, will be appointed as the Group CEO. Effective from July 01, 2019.