Appointment And Resignation Of Non-Executive Directors, Change In The Composition Of The Board Of Directors, And Reconstitution Of Committees

The Board of Directors (the "Board") of Straco Corporation Limited (the "Company") wishes to announce the Appointment of Mr Chen Hong Sheng as Non-Executive Director of the Company in place of Mr He Ping with effect from 1 July 2010.

Consequent upon the Appointment of Mr Chen Hong Sheng as Non-Executive Director, he will be appointed as a Member of Remuneration Committee in place of Mr He Ping.

The Board would like to place on record its appreciation to Mr He Ping for his contribution to the Group during his tenure with the Company.

The details and declaration of Mr Chen Hong Sheng and Mr He Ping required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are contained in separate announcements released today.

Consequent to the above changes, the new composition of the Board of Directors is as follows:-

Mr Wu Hsioh Kwang (Executive Chairman)
Mr Guo Qiang (Non-Executive Director)
Mr Fu Xuezhang (Non-Executive Director)
Madam Chua Soh Har (Non-Executive Director)
Mr Chen Hong Sheng (Non-Executive Director)
Dr Choong Chow Siong (Independent Director)
Mr George Huang Chang Yi (Independent Director)
Mr Tay Siew Choon (Independent Director)

Reconstitution of Committees

That consequent upon the above changes to the Board, the Remuneration Committee will be reconstituted as follows:-

Remuneration Committee

Mr Tay Siew Choon - Independent Director (Chairman)
Mr George Huang Chang Yi - Independent Director
Mr Chen Hong Sheng - Non-Executive Director

The Audit Committee will remain unchanged with the following members:

Audit Committee

Dr Choong Chow Siong - Independent Director (Chairman)
Mr George Huang Chang Yi - Independent Director
Mr Guo Qiang - Non Executive Director

The Nominating Committee will remain unchanged with the following members:

Nominating Committee

Mr George Huang Chang Yi - Independent Director (Chairman)
Mr Tay Siew Choon - Independent Director
Mr Wu Hsioh Kwang - Executive Chairman





By Order of the Board

Lotus Isabella Lim Mei Hua
Company Secretary
Date: 1 July 2010