Change Announcement Of Appointment :: Re Designation Of Non Executive And Independent Director

Mr Anthony Ang Meng Huat ("Mr Ang") has been an Independent Director of the Company since 3 October 2022.

The Nominating Committee ("NC") and the board of directors of the Company ("Board"), having reviewed and considered Mr Ang's experience, mix of skills, core competencies, knowledge of the Company and his past contribution to the Company, is of the view that Mr Ang has the requisite experience and capabilities to assume the responsibilities as Non-Executive and Lead Independent Director of the Company. Accordingly, the Board has approved the re-designation of Mr Ang as Non-Executive and Lead Independent Director of the Company immediately after the conclusion of the upcoming annual general meeting of the Company to be held on 30 July 2024.

Mr Ang had abstained from the deliberations and decisions of his re-designation. Following his re-designation, he will remain as the Chairman of Audit Committee and members of the NC and Remuneration Committee of the Company.

The Company is in the process of looking for suitable candidate to ensure that the Board has an appropriate level of independence and diversity of thought and background in its composition to enable it to make decisions in the best interests of the Company. The Company will make the necessary announcement(s) on the changes in the composition of the Board and Board Committees in due course.

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