The Board of Directors of Micro-Mechanics (Holdings) Ltd. announced the appointment of Mr. Kazuo Takeda as an Independent Non-Executive Director of the Company with effect from 1 November 2023. Mr. Takeda has a strong background in industrial engineering and engineering leadership developmen and an extensive career covering customer experience, logistics, supply chain management, and process implementation. He held senior managerial positions at Fortune 500 companies and technology start-ups in the USA and was an industry lecturer in the University of Southern California Industrial and Systems Engineering Master's program. Mr. Takeda has also conducted leadership training for technical/engineering audiences and led multiple business processes and system improvement efforts. From July 2020 to July 2023, Mr. Takeda was Director of Performance Excellence at SprintRay Inc, a leading manufacturer of 3D printing ecosystems for the dental industry. At SprintRay Inc, he was responsible for developing technical and people skills to drive performance advancements within various divisions supporting the company's design, manufacturing, engineering, supply chain, quality, repair center, and business operations. Prior to joining SprintRay Inc, Mr. Takeda held managerial positions in Industrial Engineering at The Disneyland Resort, a subsidiary of The Walt Disney Company, and at United Parcel Service. Mr. Takeda holds the rank of Fellow from the Institute of Industrial and Systems Engineering, an MBA degree from the University of Redlands, USA, with an emphasis on Geographical Information Systems and a Bachelor of Arts degree from California State University of Long Beach. Following his appointment to the Board, Mr. Takeda will be appointed as a member of the Audit Committee Nominating Committee and Remuneration Committee. The Board considers Mr. Takeda to be independent for the purposes of Rule 704(8) of the Listing Rules of the Singapore Exchange Securities Trading Limited The Board also wishes to announce that Risk Management/Sustainability Committee has been renamed as Risk Management Committee ("RMC"). The current Sustainability Steering Group (jointly led by Chief Executive Officer and Deputy Chief Executive Officer) will report directly to the Board. The core responsibilities of the RMC in overseeing the Group's risk management framework remain the same With effect from 1 November 2023, the composition of the Board and Board Committees of the Company shall be as follows: Board of Directors: Ms Sumitri Mirnalini Menon @ Rabia, Ms Lai Chin Yee, Mr. Kenny Kwan Yew Kwong, Mr. Kazuo Jozeph Takeda, Mr. Christopher Reid Borch
Mr Kyle Christopher Borch. Audit Committee: Ms Lai Chin Yee (Chairperson), Ms Sumitri Mirnalini Menon @ Rabia, Mr. Kenny Kwan Yew Kwong, Mr. Kazuo Jozeph Takeda. Nominating Committee: Ms Sumitri Mirnalini Menon @ Rabia (Chairperson), Ms Lai Chin Yee, Mr. Kenny Kwan Yew Kwong, Mr. Kazuo Jozeph Takeda. Remuneration Committee: Mr. Kenny Kwan Yew Kwong (Chairperson), Ms Sumitri Mirnalini Menon @ Rabia, Ms Lai Chin Yee, Mr. Kazuo Jozeph Takeda. Risk Management Committee: Ms Lai Chin Yee (Chairperson), Ms Sumitri Mirnalini Menon @ Rabia, Mr. Kenny Kwan Yew Kwong, and Mr. Kyle Christopher Borch.