SingHaiyi Announcement On Changes In The Composition Of The Board And Board Committees

A. APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board of Directors (the “Board”) of SingHaiyi Group Ltd. (the “Company”) wishes to announce that the Nominating Committee has reviewed the appointment of a new independent Non-Executive Director and composition of Board Committees (Audit, Nominating and Remuneration Committees).

Based on the recommendation of the Nominating Committee, the Board approved the appointment of Mr See Yen Tarn as an Independent Non-Executive Director of the Company with effect from 1 October 2015.

Detailed template announcement on the appointment of Mr See as required under Rule 704(6) of the Listing Manual Section B: Rules of Catalist (the “Catalist Rules”) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) is being released separately via the SGXNET. Mr See is considered independent pursuant to Rule 704(7) of the Catalist Rules of the SGX-ST.

The Board would like to take this opportunity to extend its warm welcome to Mr See as the newest member of the Board.

B. CHANGES IN COMPOSITION OF THE BOARD OF DIRECTORS AND BOARD COMMITTEES

Based on the recommendation of the Nominating Committee, the Board also approved that the appointment of Mr See as Chairman of the Nominating Committee and a member of Audit and Remuneration Committees with effect from 1 October 2015.

To download the full announcement, please by clicking on the link below.