Singapore Technologies Engineering Ltd. (ST Engineering) announced the following board changes: Appointment of Mr. Philip Lee Sooi Chuen as independent non-executive Director and a member of the Executive Resource and Compensation Committee, Nominating Committee and Strategy and Finance Committee with effect from 1 June 2024. Resignation of Mr. Lim Sim Seng as independent non-executive Director and a member of the Executive Resource and Compensation Committee, Nominating Committee and Strategy and Finance Committee with effect from 15 May 2024. Mr. Philip Lee Sooi Chuen, 62, is a Vice Chairman of Global Banking of HSBC Bank.

He is concurrently the Board Director of SPH Media Holdings Pte. Ltd., Heliconia Capital Management Pte. Ltd., and Savills plc, a British real estate services company listed on the London Stock Exchange.

Mr. Lee has also previously been the Chairman of Singapore Health Promotion Board, a Board Director of Singapore Land Transport Authority and was a representative on the Asia Pacific Economic Cooperation Business Advisory Council for Singapore. He has over 35 years of banking experience, having been the Senior Country Officer and CEO of South-East Asia Investment Banking of JP Morgan, Singapore; and the Chief Country Officer and Vice-Chairman of South-East Asia of Deutsche Bank, Singapore. Mr. Lee also represented both JP Morgan and Deutsche Bank on The Association of Bank in Singapore.

He was awarded The Public Service Medal for his role as a board director for the Land Transport Authority by the Singapore Government in 2012. Mr. Lee holds a Bachelor Degree in Industrial and Systems Engineering from University of Southern California, Los Angeles and Master in Business and International Finance from New York University, Stern School. Mr. Lim Sim Seng joined the Board in May 2015 and also served as a Member of the Executive Resource and Compensation Committee, Nominating Committee and Strategy and Finance Committee.

He will complete nine full years as an independent non-executive Director on 15 May 2024 and will step down as part of ST Engineering's board rejuvenation and good corporate governance practice. Other DirectorShips Past for Lim Sim Seng: Non-executive Director, Nikko Asset Management Co. Ltd. Chairman, Singapore Land Authority.

Other DirectorShips Present for Lim Sim Seng: Chairman, Building and Construction Authority Director, DBS Securities (Japan) Company Limited Chairman, DBS Vickers Securities Holdings Pte Ltd. High Commissioner, Federal Republic of Nigeria Independent non-executive Director, IOI Properties Group Berhad Independent non-executive Director, Raffles Medical Group Ltd.