HL Global Enterprises Limited announced cessation of Non-Executive Director and Executive Committee member. Mr. Sherman Kwek Eik Tse retired as a Director upon the conclusion of the Annual General Meeting of the company held on April 30, 2014 pursuant to Article 113 of the company's Articles of Association. Mr. Kwek did not seek re-election as a Director of the company at the AGM.

Consequent thereto, Mr. Kwek also ceased to be a member of the Executive Committee, following the conclusion of the AGM. The cessation is effective from April 30, 2014.