Libra Group Limited Announces Cessation of Joel Leong Kum Hoe as Independent Director

Libra Group Limited is a Singapore-based investment holding company. The Company operates through four segments: Investment holding, Mechanical and electrical, Manufacturing, and Building and constructions solutions. The Investment holding segment includes investment in property and investment in subsidiaries deriving income, such as dividend, interest and rental, as well as provision of management advisory services to its subsidiaries. The Mechanical and electrical segment includes the contracting and installation of air-conditioning and mechanical ventilation (ACMV), fire alarms and fire protection systems, electrical systems, as well as sanitary and plumbing systems for residential, commercial and industrial building. The Manufacturing segment includes the manufacturing and sale of ACMV ducts and trading of ACMV relates products. The Building and constructions solutions segment includes those of general contractors, building construction and upgrading works.