ZICO Holdings Inc. announced Re-designation of John Lim Yew Kong from Independent Director to Independent Chairman. Mr. John Lim Yew Kong was appointed as an Independent Director of the Company on 7 August 2014. The Board of the Company has accepted the recommendation of the Nominating Committee to redesignate Mr. John Lim Yew Kong as an Independent Chairman of the Company, having considered his educational background, professional qualifications, extensive working experience as well as his commitment to the role and time for the Company.

Mr. John Lim Yew Kong has abstained from the deliberation of the Nominating Committee as well as that of the Board in relation to his redesignation. Working Experience: ZICO Holdings Inc., Independent Non-Executive Director Karin Technology Holdings Limited, Independent Non-Executive Director, Chairman of the Remuneration Committee and a member of the Audit and Risk Committee and Nominating Committee Global Invacom Group Limited, Lead Independent Director, Chairman of the Audit and Risk Committee and a member of the Nominating Committee and Remuneration Committee. Professional Qualifications: Bachelor of Science in Economics from the London School of Economics and Political Science Chartered Accountant from the Institute of Chartered Accountants in England and Wales.