General Announcement::The Composition of the Board

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 05-Apr-2019 13:49:16
Status: New
Announcement Sub Title: The Composition of the Board
Announcement Reference: SG190405OTHR0XEG
Submitted By (Co./ Ind. Name): Remy Tan
Designation: Corp Affairs Manager
Description (Please provide a detailed description of the event in the box below): The Board of Directors (the "Board" ) of China Environment Ltd. (the "Company" together with its subsidiaries, the "Group") refers to the appointment announcement released on 2 April 2019 and wishes to announce the following changes to the composition of the Board Committees:

BOARD OF DIRECTORS

Executive Directors

Mr Norman Winata (Group Executive Chairman)

Non-Executive and Independent Directors

Mr Koit Ven Jee (Lead Independent Director)
Mr Lee Chia Sin

Nominating Committee

Mr Lee Chia Sin (Chairman)
Mr Koit Ven Jee
Mr Norman Winata

Remuneration Committee

Mr Lee Chia Sin (Chairman)
Mr Koit Ven Jee

Audit Committee

Mr Koit Ven Jee (Chairman)
Mr Lee Chia Sin

The Board noted that the Audit Committee ( "AC" ) and Renumeration Committee ( "RC" ) will not have a minimum of 3 directors, which is not in accordance with the recommendations of the Code of Corporate Governance 2018 (the "Code" ) whose guidelines provide that all of the members of the AC and RC should be non-executive. The Company is in the process of looking for suitable candidates as non-executive director.