Hiap Teck Venture Berhad Announces Redesignation of Dato Ooi Lay See from Independent and Non Executive Member of Nomination and Remuneration Committee to Independent and Non Executive Chairman of Nomination and Remuneration Committee

Hiap Teck Venture Berhad is a Malaysia-based company that is engaged in investment and property holdings and the provision of management services. The Company's trading segment is involved in importing, exporting, general dealing and leasing of steel products, hardware and building materials. The manufacturing segment is involved in manufacturing, selling, and renting of pipes, hollow sections, scaffolding equipment, and other steel products. The property and investment segment are involved in investment and property holdings. The transportation segment is involved in provision of transportation services. The mining exploration segment is involved in exploring, contracting and all activities related to the mining, processing, and sales of iron ore. The selling of electricity segment is involved in sales of excess electricity generated by Eastern Steel Sdn. Bhd. to the grid. Its products include Iron and Steel, Steel Pipes and Hollow Sections, and Mild Steel Cement Lined Pipes.