Change Announcement Of Cessation :: Re Designation To Non Executive And Non Independent Director, Member Of Nc, Ac And Rc

Ms Audrey Yap Su Ming ("Ms Yap") has been an Independent Director of the Company for an aggregate period of more than nine years. Pursuant to Rule 406(3)(d)(iv) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited, Ms Yap is no longer eligible to be designated as an Independent Director of the Company and has been re-designated as a Non-Executive Non-Independent Director of the Company following the conclusion of the annual general meeting of the Company held on 29 July 2024 ("AGM").

The Board, upon recommendation of the NC, approved the re-designation of Ms Yap from Independent Director to Non-Executive Non-Independent Director with effect from 29 July 2024. Ms Yap has also stepped down from her role as the Chairman of the NC and continues to serve as a member of the NC, AC and RC of the Company following the conclusion of the AGM, and Mr Hawazi Bin Daipi has been re-designated from a member of the NC to the Chairman of the NC following the conclusion of the AGM. Ms Yap had abstained from the deliberations and decision-making in relation to her re-designation.

After having interviewed Ms Yap and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the re-designation of Ms Yap as a Non-Executive and Non-Independent Director of the Company.

Independent Directors make up at least one-third of the Board (taking into account the re-designation disclosed in this announcement of cessation).

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