Hong Lai Huat Group Limited Announces the Cessation of Wang Kai Yuen, Independent Director, Chairman of the Board and Audit Committee, Member of the Remuneration Committee and Nominating Committee

Hong Lai Huat Group Limited is a Singapore-based investment holding company. The Company is a real estate and property developer. The Company's segments include Agriculture Division, Property Development and Real Estate Division, and Others. The Agriculture Division is engaged in the business of agricultural development, cultivation, branding and merchandising, and distribution of cassava, and includes the co-operation agreements with third parties to operate the agriculture land, and the agriculture-related resort business. The Property Development and Real Estate Division is engaged in the business of investment and prime development of commercial and residential properties. The Others segment comprises the Company who is engaged in the business of investment holding generating income from management services provided to related companies and dividend, and other subsidiaries activities. The Company operates in Singapore and Cambodia.