9. EXTENSION OF THE CONTRACT OF EMPLOYMENT OF THE COMPANY’S MANAGING DIRECTOR/GROUP CHIEF EXECUTIVE OFFICER At the NC Meeting held on 23 November 2022, the Contract of Employment of Mr Chan Cheu Leong, the Company’s Managing Director/Group Chief Executive Officer, was extended for six (6) months to be ended on 30 June 2023 based on the same existing terms of employment, and thereafter, Mr Gian Carlo Maccagno, the current Deputy Managing Director, shall assume the role of Managing Director/Group Chief Executive Officer of the Group with effect from 1 July 2023 and these were duly approved by the Board. 10. WOMAN DIRECTOR ON BOARD The NC had at its meeting held on 27 March 2023 interviewed and recommended two (2) women candidates to be appointed as Independent Non-Executive Directors on the Board of the Company. 11. COMPLIANCE WITH THE MMLR The new Board composition will fulfil the MMLR to have at least one (1) woman Director on Board and also all the existing Independent Non-Executive Directors whom have exceeded the twelve (12) years tenure to be redesignated as Non-Independent Directors. NOMINATION COMMITTEE Wah Seong Corporation Berhad Annual Report 2022 66
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