Chuan Hup New CEO

PRESS RELEASE: Chuan Hup Revamps Board, Names New CEOThe following is an announcement from Chuan Hup Holdings Ltd.:
Oct. 31, 2005: Pursuant to Rule 704(7) of the SGX Listing Manual, the Board of Directors of Chuan Hup Holdings Limited ("CHH") wishes to announce that following the completion of the Sale and Purchase Agreement dated 14 February 2005 (as supplemented) between Habib Corporation Berhad (now known as Scomi Marine Bhd) and CHH, the Board of Directors of CHH will be reconstituted with effect from 1 November 2005.
Mr Peh Kwee Chim will resign as Managing Director but will remain on the Board of CHH as an Executive Director with effect from 1 November 2005. Mr Peh Siong Woon Terence will be appointed as the Chief Executive Officer with effect from 1 November 2005. Mr Ong Kok Wah and Mr Loh Kee Kong will resign as Directors of CHH with effect from 1 November 2005. Mr Lim Kwee Siah will resign as Director and a member of the Audit Committee with effect from 1 November 2005. Mr Lim will also resign as a Joint Secretary of CHH with effect from 1 November 2005. Mr Yim Foon Kuan will resign as Director and a member of the Nominating Committee of CHH with effect from 1 November 2005.
With effect from 1 November 2005, the Board of Directors of CHH will comprise Dr Tan Cheng Bock (Non-Executive Chairman), Mr Peh Siong Woon Terence (Chief Executive Officer), Mr Peh Kwee Chim (Executive Director), Prof Tan Cheng Han, S.C. (Non-Executive, Independent Director) and Mdm Joanna Young Sau Kwan (Non-Executive, Independent Director).