United Engineers Limited announced that Mr. Norman Ip will assume the role of Group Managing Director with effect from 1 December 2015. Mr. Ip joined the Group's Board of Directors in December 2009 and currently serves as a member of the Executive Committee. He is also the Chairman of the Corporate Office that was
established in January 2014 to oversee the smooth integration of operations following the Group's acquisition of WBL Corporation Limited and its portfolio of companies. After due deliberation, the Board of Directors is of the view that Mr. Ip's expanded executive role will provide the requisite leadership continuity to Management that is appropriate for the Group at this juncture. His new role will also enable the Group to continue its strategic objective of streamlining business activities and enhancing and unlocking value for shareholders.