The Place Holdings Limited announced the appointment of Foo Chiah-Shiung as non- executive independent director of the company, chairman of the nominating committee, member of the audit committee and remuneration committee. He is currently the head of risk, a Singapore based Fund Management Company. The company also announced the resignation of Mr. Zhao Xichen ("Mr Zhao") as an Independent Director of the company, and accordingly, will cease to be a member of the Audit Committee.