Ms. Lai Chin Yee was appointed Non-executive Chairman and Independent Director of the Company on 17 June 2020. Ms. Lai has more than 30 years of experience in areas of auditing, finance and accounting, taxation and treasury. She has been the Finance Director of Qian Hu Corporation Ltd, a company listed on the SGX-ST, since November 2004. She was an auditor with international accounting firms prior to joining Qian Hu Corporation Ltd as its group financial controller in 2000. Ms Lai is also an independent director of Micro Mechanics (Holdings) Ltd, a company listed on the SGX-ST, since June 2014. Ms. Lai was also an independent director of Ryobi Kiso Holdings Ltd. from December 2009 to May 2019. Ms. Lai graduated in 1987 with a Bachelor of Accountancy from the National University of Singapore. She was appointed by the Ministry of Finance (MOF) as a member of the Tax Advisory Committee from 2004 to 2006, and served as a council member of the Council on Corporate Disclosure and Governance from 2006 to 2007. Ms. Lai is a fellow Chartered Accountant of Singapore and a member of the Singapore Institute of Directors. Ms Lai has been a council member of the Institute of Singapore Chartered Accountants (ISCA) since 2018 and is currently a member of its Continuing Professional Education Committee and Membership Committee. She also served as a member of ISCA’s CFO Committee from 2009 to 2012 and the Corporate Governance and Risk Management Committee from 2018 to 2020. In 2019, she was appointed by the Ministry of Finance as a Board Member of the Accounting and Corporate Regulatory Authority (ACRA). At the 2009 Singapore Corporate Awards, she was named the Chief Financial Officer of the Year (for companies listed on the SGX-ST with less than $300 million in market capitalisation).