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APPOINTMENT OF DIRECTOR AND RE-COMPOSITION OF BOARD AND BOARD COMMITTEES


1. APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board of Directors (the “Directors” or the “Board”) of Stratech Systems Limited (the “Company”) is pleased to announce the appointment of Major-General (R) Lim Kim Choon (“MG (R) Lim”) as a Non-Executive and Non-Independent Director of the Company with effect from 19 May 2011.

MG (R) Lim is considered non-independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX Listing Manual”).

The particulars of MG (R) Lim as required under Rule 704(7) of the SGX Listing Manual are set out in a separate announcement.

MG (R) Lim has over 30 years of aviation and air navigation experience in both civil and military aviation.

A qualified F16 pilot, MG (R) Lim held many principal appointments in the Republic of Singapore Air Force (RSAF) including the Head of Air Intelligence Department, Head of Air Operations Department and Commander of Tengah Air Base. In 1998, he was appointed Chief of Staff (Air Staff) of the RSAF, and subsequently as the Chief of Air Force from April 2001 to March 2006. On the international arena, among others, MG (R) Lim directed the RSAF contributions to peacekeeping operation in East-Timor, the reconstruction effort in Iraq and the humanitarian assistance operation in Indonesia.

He later joined the Civil Aviation Authority of Singapore (CAAS) as its Senior Deputy Director General in May 2006, and took over as Director General and Chief Executive Officer in July 2007. Under his leadership, CAAS achieved several key milestones such as the smooth operations at the new Terminal 3 of Singapore Changi Airport; and the lead role taken in the development of the tamper evidence bags for Liquids, Aerosals and Gels (LAGS) with ICAO, and promoting safe and cost efficient air navigation services through using new technology such as LORADS III to achieve a quantum leap in air navigation services. He was also responsible for the corporatisation of CAAS which entails the separation of its regulatory and airport functions into 2 new entities i.e. new CAAS and Changi Airport Group (CAG).

MG (R) Lim was the recipient of the Singapore Armed Forces (Overseas Scholarship) in 1977 and graduated from the University if Loughborough, United Kingdom with a 2nd Upper Honours in Bachelor of Science. He also obtained a Master of Science (Management) degree from the Massachusetts Institute of Technology. MG (R) Lim also attended the prestigious Air Command and Staff Course in USA. In 2009, he attended the Advance Management Program in Harvard University. He has received numerous commendations and foreign awards for his outstanding contributions and distinguished military career.

“MG (R) Lim has a highly distinguished career and brings with him a wealth of knowledge from his experiences in leading the CAAS and RSAF. We expect to leverage on his domain expertise and extensive experience in both the civil and military aviation fields, to prepare the Company for the next phase of growth,” commented the Executive Chairman of the Board, Dr. David K.M. Chew.

MG (R) Lim has also previously served as a Board member for several government statutory boards in resource and urban development, for Changi Airports International (a wholly-owned subsidiary of CAAS that manages and invests in airports worldwide), Singapore Technologies Aerospace, Singapore Aerospace Manufacturing and the Ascott Group.

MG (R) Lim has been serving as a non-executive Director and consultant of the Company’s wholly-owned subsidiary, Stratech Aerospace Pte Ltd since 1 October 2010. He has also been serving as a non-executive Director and consultant of the Company’s associated company, Stratech Aeronautics Pte Ltd (a joint venture company of which the Company owns 40%, as previously announced) since 1 August 2010 (for a term of 1 year with effect from 1 August 2010).

MG (R) Lim will also serve as a member of the Audit and Remuneration Committees.


2. RE-COMPOSITION OF BOARD AND BOARD COMMITTEES

Following the re-designation of Mr. Lim Soon Hock as an Executive Director of the Company on 6 August 2010, Mr. Lim will relinquish his position as a member of the Audit and Remuneration Committees. Mr. Lim will remain as a member of the Nominating Committee.

With immediate effect, the Board and Board Committees comprise of the following members:-

Board of Directors

David Chew Khien Meow - Executive Chairman and Chief Executive Officer
Lim Soon Hock - Executive Director and Deputy Chairman
Leong Sook Ching - Executive Director and Chief Corporate Officer
Lim Kim Choon – Non-Executive and Non-Independent Director
Sajjad Ahmad Akhtar – Independent Director
Chew Hai Chwee – Independent Director

Audit Committee

Sajjad Ahmad Akhtar – Chairman
Chew Hai Chwee – Member
Lim Kim Choon – Member

Remuneration Committee

Chew Hai Chwee – Chairman
Sajjad Ahmad Akhtar – Member
Lim Kim Choon – Member

Nominating Committee

Chew Hai Chwee – Chairman
Sajjad Ahmad Akhtar – Member
Lim Soon Hock – Member


By Order of the Board

Leong Sook Ching
Company Secretary
19 May 2011