ESR Cayman Limited announced that the Right Honourable Sir Hugo George William Swire, KCMG and Mr. Robin Tom Holdsworth as independent non-executive Directors, Mr. David Alasdair William Matheson as a non-executive Director (the "Retired Directors") have retired from the Board to pursue other opportunities and accordingly, they did not offer themselves for re-election at the AGM. Reference is made to the Company's announcement dated 25 May 2022 in relation to the appointment of Ms. Wei-Lin Kwee ("Ms. Kwee") as an independent non-executive Director with effect from 25 May 2022. The Board has appointed Ms. Kwee as an independent non-executive Director and a member of the remuneration committee of the Company (the "Remuneration Committee") with effect on 1 June 2022 after the AGM.

Following their retirement, The Right Honourable Sir Hugo George William Swire, KCMG also ceased to be the chairman of the nomination committee of the Company (the "Nomination Committee"), and Mr. Robin Tom Holdsworth ceased to be a member of the audit committee of the Company (the "Audit Committee"). The Board also announce that with effect from the conclusion of the AGM on 1 June 2022, Mr. Brett Harold Krause has been appointed as the chairman of the Nomination Committee. As a result of the above changes, with effect from 1 June 2022, (i) the Nomination Committee will be composed of Mr. Brett Harold Krause (chairman), Ms. Jingsheng Liu and Ms. Serene Siew Noi Nah; (ii) the Audit Committee will be composed of Mr. Simon James McDonald (chairman), Mr. Brett Harold Krause and Ms. Serene Siew Noi Nah; and (iii) the Remuneration Committee will be composed of Mr. Brett Harold Krause (chairman), Mr. Jeffrey David Perlman, Mr. Simon James McDonald and Ms. Wei-Lin Kwee.