The Board of Directors of Solis Holdings Limited announced that Mr. Liang Qianyuan has been re-designated from a non-executive Director to an executive Director of the Company with effect from 13 December 2019. The Board of Directors of the Company also announced that Mr. Kenneth Teo Swee Cheng has tendered his resignation as an executive Director of the Company with effect from 13 December 2019 as he would like to devote more time and dedication on project development and management of various subsidiaries of the Group in Singapore. The Board of Directors of the Company further announced that Mr. Tan Sin Huat Dennis has tendered his resignation as an independent non-executive Director of the Company with effect from 16 December 2019 as he would like to devote more time for his other commitments.

Subsequent to the resignation of Mr. Teo, Mr. Teo has ceased to be the chief executive officer and chairman of corporate governance committee. Mr. Liang, an executive director, has been appointed as the chief executive officer of the Company with effect from 13 December 2019. Board of Directors of the Company further announced that subsequent to the resignation of Mr. Teo, Mr. Liang, an executive director, has also been appointed as the chairman of corporate governance committee of the Company with effect from 13 December 2019.

Subsequent to the resignation of Mr. Tan, Mr. Tan has ceased to be the chairman of nomination committee, and member of each of audit committee and corporate governance committee. Dr. Guan Huan Fei, an independent non-executive director, has been appointed as the chairman of nomination committee, and member of each of audit committee and corporate governance committee with effect from 16 December 2019.