The Hour Glass Limited announced Mr. Lock Wai Han, an Independent Non-Executive Director, will assume the role of Lead Independent Director of the Company with effect from 1 January 2022. Mr. Lock is currently a member of the Audit Committee ("AC") and the Nomination and Remuneration Committee ("NRC"), respectively. Mr. Kuah Boon Wee, an Independent Non-Executive Director, will be re-designated to Non- Independent Non-Executive Director with effect from 1 January 2022. Mr. Kuah remains the Lead Independent Director of the Company and Chairman of the NRC until 31 December 2021, when he will relinquish both these roles. Mr. Kuah will continue to be a member of the NRC and the AC, respectively, and will be succeeded by Mr. Jeffry Lee Yu Chen, an Independent Non-Executive Director, as Chairman of the NRC with effect from 1 January 2022. Consequently, with effect from 1 January 2022.