Jardine Cycle & Carriage Limited Announces Stepping Down of Lim Hwee Huaas as Non-Executive Independent Director

Jardine Cycle & Carriage Limited is a Singapore-based investment holding company of the Jardine Matheson Group. The Company’s segments include Astra, THACO, Direct Motor Interests, and Other Strategic interests. The Astra segment manufactures, assembles, distributes, and owns dealership networks for Toyota, Daihatsu, Isuzu, Peugeot, UD Trucks and Honda motorcycles. It also manufactures and retails BMW vehicles and owns the Lexus car dealership. Through its Astra Digital arm, Astra also develops new initiatives and products to enhance interaction with customers on digital and online channels. Direct Motor Interests include its Cycle & Carriage businesses in Singapore, Malaysia and Myanmar, as well as owned Tunas Ridean in Indonesia. Other Strategic Interests include interests in Vietnam, holdings in Truong Hai Group Corporation (THACO), Refrigeration Electrical Engineering Corporation and Vinamilk. THACO includes the automotive industry, the agriculture business, and logistics services.