Santak Holdings appoints Tan Chee Hawai as Group Managing Director

Mr Tan has been Advisor to Santak Group Since 2005.

The Board of Santak Holdings has been looking for a suitable Managing Director for the Group for a long time and have decided to invite Mr Tan to return as Group Managing Director due to his vast industry experience and knowledge of the business. The Board notes that Mr Tan was charged in the District Court on 23 August 2004 and subsequently has been disqualified as acting as a director (see point h below). The Board has been advised that the 5-year automatic disqualification period is over. The Board has investigated, is of the view, and consider Mr Tan suitable for the appointment as a director of the Company and confirms that the Company is in compliance with Rule 406(3) of Section B of the Singapore Exchange Securities Trading Limited Listing Manual: Rules of Catalist.

Mr Tan will oversee the planning and review of corporate strategies and policies of the Group, as well as to coordinate the overall management functions. In addition, will also seek out new business opportunities and expansion possibilities for our Group.

Mr Tan, 61, has over 29 years experience in the Precision-Machined Components industry. With his vast experience in this business, Mr Tan has built up good relationship with many industry players. He is very much in touch with the changes in the market in terms of shifts in the market requirements, as well as changes in key market players, according to a Santak Holdings report.

He was also one of the co-founders of our Group when Santak Metal started as a partnership in 1978. He continued with our Group when Santak Metal Manufacturing Pte Ltd was incorporated as a private limited company in October 1983.

Mr Tan Was the Group Chairman and Managing Director of Santak Group until August 2004. Mr Tan has actively directed the growth of our Group's business since its inception.