UG Healthcare Corporation Limited announced that Mr. Ang Beng Teck, Executive Director and Chief Executive Officer, has confirmed to the board that he will retire and in connection thereto he will not offer himself for re-election as Director at the company's forthcoming annual general meeting to be held on October 19, 2016. He will also relinquish his position as the Chief Executive Officer on the same day. To facilitate a smooth transition, Mr. Ang Beng Teck will assume an advisory role in the Group following his retirement as Executive Director and Chief Executive Officer.