The Board of Directors of Amcorp Global Limited announced the following which will take effect from 15 September 2022: the appointment of Mr. Khoo Swee Peng as Independent Non-Executive Director of the Company; the appointment of Ms. Shalina Azman as Non-Independent Non-Executive Director of the Company; the re-designation of Er. Dr. Lee Bee Wah from Independent Non-Executive Chairman to Lead Independent Non-Executive Director of the Company. Following her re-designation, Er.

Dr. Lee is appointed as a member of the Nominating and Remuneration Committee ("NRC") of the Company and remains as a member of the Audit Committee; and the appointment of Mr. Soo Kim Wai as the Non-Independent Non-Executive Chairman of the Board. Mr. Soo remains as a member of the Audit Committee. Er.

Dr. Lee has been the Independent Non-Executive Chairman for 9 years and led the Board through the Company's various phases of its corporate journey, overseeing the Group's strategy and setting high governance standards. She was re-elected as an independent director through the 2-tier voting at the recent annual general meeting of the Company held on 28 July 2022. Most recently, Er.

Dr. Lee expressed her desire to step down as the Chairman of the Board as part of succession planning for the Group's next phase of growth. Mr. Soo Kim Wai, a Malaysian, was appointed to the Board on 5 March 2020 as Non-Independent Non-Executive Director and is currently the Group Managing Director of Amcorp Group Berhad ("Amcorp Group"). He has extensive experience in various industries and played a strategic role in growing and diversifying Amcorp Group's property division globally across various key global cities including London, Madrid, Shanghai, Hong Kong and Singapore.

His directorships in other public companies include Amcorp Properties Berhad, RCE Capital Berhad, AMMB Holdings Berhad and AmBank (M) Berhad. RCE Capital Berhad and AMMB Holdings Berhad are listed on the Main Market of Bursa Malaysia Securities Berhad. He also serves as Chairman of AmREIT Managers Sdn Bhd, the Manager of AmFirst Real Estate Investment Trust.

Following the above, the composition of the Board and the Board Committees of the Company with effect from 15 September 2022 are as follows: Board of Directors: Mr. Soo Kim Wai, Non-Independent Non-Executive Chairman, Er. Dr. Lee Bee Wah, Lead Independent Non-Executive Director, Mr. Kamil Ahmad Merican, Independent Non-Executive Director, Mr. Tay Beng Chai, Independent Non-Executive Director, Mr. Khoo Swee Peng, Independent Non-Executive Director, Mr. Shahman Azman, Non-Independent Non-Executive Director, Ms. Shalina Azman, Non-Independent Non-Executive Director. Audit Committee: Mr. Kamil Ahmad Merican, Chairman, Mr. Soo Kim Wai, Er.

Dr. Lee Bee Wah, Mr. Tay Beng Chai. Nominating and Remuneration Committee: Mr. Tay Beng Chai, Chairman, Er. Dr. Lee Bee Wah, Mr. Kamil Ahmad Merican, Mr. Shahman Azman.