Hyflux Ltd. announced the appointment of Mr. Abdel Hakim Benferhat as Senior Advisor to its International Advisory Panel. Mr. Benferhat, who is of both Algerian and Canadian nationality, is Counselor on Corporate Strategy, Development, Solution & Implementation and a Director at corporate advisory firm, Synergex S. A of Switzerland. He was Special Senior Advisor to the President of Bentini Spa, an engineering, procurement and construction group, from 2001 to 2011. As Senior Advisor to Hyflux's International Advisory Panel, he will provide insights on the Middle East and African (MEA) markets and assist with the formulation of MEA strategies by the Board of Directors of Hyflux. Other Senior Advisors of the International Advisory Panel are Mrs. Yu-Foo Yee Shoon and Ms. Liu Jingsheng who have been appointed in March 2013.

Hyflux Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company has reported revenue of SGD 124,545,000 compared to SGD 135,284,000 for the same period a year ago. Profit before income taxes was SGD 9,974,000 compared to SGD 10,458,000 for the same period a year ago. Profit attributable to owners of the company was SGD 8,044,000 compared to SGD 7,683,000 for the same period a year ago. Net cash used in operating activities was SGD 140,648,000 compared to SGD 12,942,000 for the same period a year ago. Acquisition of intangible assets was SGD 1,553,000 compared to SGD 1,190,000 for the same period a year ago. Acquisition of property, plant and equipment was SGD 1,265,000 compared to SGD 6,605,000 for the same period a year ago. Diluted EPS was 0.25 cents compared to 0.20 cents a year ago. Net assets value per ordinary share as at March 31, 2013 was 57.9 cents against 55.8 cents as at December 31, 2012.

Hyflux Ltd. announced board committees changes which will take effect from May 1, 2013. The company announced appointment of Teo Kiang Kok as a member of the Audit Committee. Teo Kiang Kok is considered to be non-executive independent director for the purpose of Rule 704(8) of the SGX-ST Listing Manual; and resignation of Gary Kee Eng Kwee as a member of the Audit Committee; appointment of Rajsekar Kuppuswami Mitta as a member of the Remuneration Committee; and resignation of Lee Joo Hai as a member of the Remuneration Committee; appointment of Lee Joo Hai to replace Rajsekar Kuppuswami Mitta as Chairman of the Risk Management Committee; and appointment of Christopher Murugasu and Gary Kee Eng Kwee as members of the Risk Management Committee; and resignation of Rajsekar Kuppuswami Mitta as Chairman and member of the Risk Management Committee. The investment committee comprises Olivia Lum (Chairman); Gay Chee Cheong; Rajsekar Kuppuswami Mitta; and Gary Kee Eng Kwee.