Innopac Holdings Limited Announces Retirement of Wong Chin Yong as Chief Executive Officer

Innopac Holdings Limited is engaged in the investment, investment holding and provision of management services to related companies. The Company operates through three segments: Products trading, Investment trading and Investment holding. The Company's Products trading segment is engaged in products trading. Its Investment trading segment includes investments in marketable securities, which are classified as financial assets. The Company's Investment holding segment consists of the principal activities of the Company and some of its subsidiaries, which are investment holding and rendering management services to subsidiaries. The Company also offers telecommunication services. The Company's subsidiary, Extera Pte Ltd, is an investment holding company, and is engaged in energy and fuel distribution. The Company, through its subsidiary, Dezhou Sheng Rong Gas Co. Ltd., is engaged in energy and fuel distribution, including compressed natural gas.