The Board of Directors of Shinvest Holding Ltd. announced that upon the retirement of Mr. Teo Cher Cheong as an Executive Director of the company on 29 December 2017. Mr. Teo Cher Cheong also relinquished his positions as Chairman of the Board and Member of audit committee at the same time. The Board also announced that Mr. Loh Suan Len has been appointed as Non-Executive Independent Chairman of the Board and Mr. Teo Eng Thian has been appointed as member of audit committee.