The Hour Glass Limited announced the appointment of Mr. Liew Choon Wei as the new Chairman of the audit committee, and Mr. Pascal Guy Chung Wei Demierre as a member of the audit committee. Both of them are Independent Non-Executive Directors of the company. Mr. Kuah Boon Wee has been appointed as the Chairman of the new Nomination and Remuneration Committee. This follows the amalgamation of the Nominating Committee and Remuneration Committee into a single Board committee to promote efficiency and effectiveness. In particular, it allows for holistic review of remuneration matters alongside succession/development of the Board and key management within the one Board committee. The other members of the committee are Mr. Liew Choon Wei and Mr. Jeffry Lee Yu Chern. Mr. Kuah remains the Lead Independent Director of the company.