The Board of Directors of Micro-Mechanics (Holdings) Ltd. announced the appointment of Ms. Chua Siew Hwi (Cai Xiuhui) as an Independent Non-Executive Director of the Company with effect from 1 April 2024. Ms. Chua has a proven track record in leadership across multiple finance and corporate functions including operations, information technology, human resources, enterprise risk management and internal audit. She has extensive experience running and working with diverse teams across various industries, jurisdictions and organizations that include government agencies, aviation, financial institutions, real estate and hospitality, and shipping groups listed on the Main Board of the SGX.

Ms Chua is currently the Senior Vice President, Enterprise Performance of Changi Airport Group (Singapore) Pte Ltd. ("CAG"). She has held this position since April 2021 and is responsible for the enterprise finance functions of the CAG Group. Before moving to CAG, Ms. Chua was the Chief Financial Officer of its subsidiary, Changi Airport International Pte Ltd. from October 2020 to February 2021.

Prior to joining CAG Group, Ms. Chua was the Divisional Director, Finance at Sentosa Development Corporation from July 2017 to October 2020. She has also held senior management positions at SGX- listed companies, Stamford Land Corporation Ltd. and Singapore Shipping Corporation Ltd, and Nikko Asset Management Asia Ltd. Ms. Chua is a Fellow Chartered Accountant of Singapore, an ASEAN Certified Public Accountant, a Committee Member of CFO Committee of Institute of Singapore Chartered Accountant and a Finance Committee Member of the Institute of Engineers, Singapore. She holds an MBA from the University of Southern Queensland and Bachelors degree in Accountancy from Nanyang Technological University.

The Company expects Ms. Chua's expertise and broad experience in corporate finance and operations as indicated to enhance and benefit the Board and the Company. Following her appointment to the Board, Ms. Chua shall be appointed as a member of the Audit Committee, Nominating Committee, Remuneration Committee and Risk Management Committee. The Board considers Ms. Chua to be independent for the purposes of Rule 704(8) of the Listing Rules of the Singapore Exchange Securities Trading Limited.

With effect from 1 April 2024, the composition of the Board and Board Committees of the Company shall be as follows: Board of Directors:- Ms Sumitri Mirnalini Menon @ Rabia (Chairperson), Ms Lai Chin Yee, Mr. Kenny Kwan Yew Kwong, Mr. Kazuo Jozeph Takeda, Ms Chua Siew Hwi, 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, Ms Chua Siew Hwi. Nominating Committee:- Ms Sumitri Mirnalini Menon @ Rabia (Chairperson), Ms Lai Chin Yee, Mr. Kenny Kwan Yew Kwong Mr. Kazuo Jozeph Takeda, Ms Chua Siew Hwi.

Remuneration Committee:- Mr. Kenny Kwan Yew Kwong (Chairperson), Ms Sumitri Mirnalini Menon @ Rabia, Ms Lai Chin Yee, Mr. Kazuo Jozeph Takeda, Ms Chua Siew Hwi. Risk Management Committee:- Ms Lai Chin Yee (Chairperson), Ms Sumitri Mirnalini Menon @ Rabia, Mr. Kenny Kwan Yew Kwong, Ms Chua Siew Hwi, Mr. Kyle Christopher Borch.