The board of directors of Transcorp Holdings Limited announced the changes with immediate effect. Mr. Victor Lai Kuan Loong has been appointed as an Independent Director of the company with effect from 12 July 2019. Mr. Chia Siak Yan Vincent, Non-Executive Chairman and Independent Director of the company, has stepped down as the Chairman of the Nominating Committee and remained as a member of the Nominating Committee of the company. Following Mr. Lai's appointment as an Independent Director of the Company, he has also been appointed as the Chairman of the Nominating Committee, and a member of the Audit Committee and the Remuneration Committee of the company respectively.