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

The Board of Directors (the "Board") of Straco Corporation Limited (the "Company") wishes to announce the Appointment of Mr Li Weiqiang as a Non-Executive Director of the Company in place of Mr Guo Qiang with effect from 24 Oct 2012.

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

The details and declaration of Mr Li Weiqiang as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are contained in a separate announcement released today.

Consequent to the above changes, the Board of Directors will comprise the following members:-

Mr Wu Hsioh Kwang (Executive Chairman)
Mr Chen Hong Sheng (Non-Executive Director)
Mr Li Weiqiang (Non-Executive Director)
Mr Fu Xuezhang (Non-Executive Director)
Madam Chua Soh Har (Non-Executive Director)
Mr Tay Siew Choon (Independent Director)
Dr Choong Chow Siong (Independent Director)
Mr. Lim Song Joo Henry (Independent Director)
Mr Neo Poh Kok David (Independent Director)


By Order of the Board

Lotus Isabella Lim Mei Hua
Company Secretary

Date: 24 Oct 2012