General Announcement::CHANGES TO THE COMPOSITION OF THE BOARD COMMITTEES

ASIATIC GROUP (HOLDINGS) LIMITED

(Company Registration No: 200209290R)

(Incorporated in the Republic of Singapore)

CHANGES TO THE COMPOSITION OF THE BOARD COMMITTEES

The Board of Directors ("Board") of Asiatic Group (Holdings) Limited ("Company") wishes to announce the following changes to the composition of the Company's Board Committees, as part of the Board's rotation process, with effect from 1 September 2021 (the "Changes"):

1. Appointment of Mr Chia Soon Hin William as the Chairman of the Audit and Risk Committee ("ARC") in place of Mr Tay Kah Chye, and Mr Tay remains as a member of the ARC; and
2. Appointment of Mr Yip Mun Foong James as the Chairman of the Nominating Committee ("NC") and Remuneration Committee ("RC") in place of Mr Chia Soon Hin William, and Mr Chia remains as a member of both NC and RC.

Subsequent to the Changes, the composition of the Company's Board Committees are as follows:

Audit and Risk Committee	Nominating Committee	Remuneration Committee
Chairman:	Chairman:	Chairman:
Chia Soon Hin William	Yip Mun Foong James	Yip Mun Foong James
Members:	Members:	Members:
− Tay Kah Chye	− Tay Kah Chye	− Tay Kah Chye
− Yip Mun Foong James	− Chia Soon Hin William	− Chia Soon Hin William
	− Tan Boon Kheng

There is no change to the Company's Board composition.

By Order of the Board

Tan Boon Kheng

Managing Director

1 September 2021

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [e-mail].