The Board of Directors of Thakral Corporation Ltd. announced that Mr. Pratap Chinnan Nambiar will resign as an Independent Non-Executive Director of the Company with effect from 31 December 2015. Following his resignation as a Director, Mr. Nambiar will also cease to be a member of the Audit and Nomination Committees of the Company. The Board is also announced the following Board Committees changes effective from 1 January 2016: Mr. Natarajan Subramaniam to be appointed as Chairman of the Company's Compensation Committee.

Mr. Lee Ying Cheun to relinquish his chairmanship in the company's Compensation Committee but remains as a member of the Compensation Committee. Mr. Lee Ying Cheun to be appointed as Chairman of the company's Nomination Committee. Mr. Natarajan Subramaniam to relinquish his chairmanship in the company's Nomination Committee but remains as a member of the Nomination Committee.