The Board of Directors of Hotel Grand Central Limited announced on the following changes to the Company's Board and Board Committees: The redesignation of Mr. Lim Thian Loong ("Mr Lim") as Lead Independent Non-Executive Director of the Company, and appointment of Mr. Lim as the Chair of ARC and a member of NC at the conclusion of the AGM held on 29 April 2024. Mr. Lim remains as the Chair of RC; The redesignation of Mr. Tan Kok Aun ("Mr Tan") as Non-Independent Non-Executive Director of the Company at the conclusion of the AGM held on 29 April 2024 pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, and he has contemporaneously relinquished his position as the Chair of ARC and a member of NC. Mr. Tan remains as a member of RC; The appointment of Mr. Hui Chiu Fung ("Mr Hui"), the Independent Non-Executive Director of the Company as the Chair of NC and a member of ARC.

Mr. Hui remains as a member of RC. Consequent to the aforesaid changes, the revised composition of the Board and Board Committees will be as set out below with effect from 30 April 2024: Board of Directors: Mr. Tan Eng Teong - Executive Chairman and Managing Director; Mr. Tan Teck Lin - Executive Director; Mr. Tan Hwa Lian - Executive Director; Mr. Lim Thian Loong - Lead Independent Non-Executive Director; Mr. Tan Eng How - Non-Independent Non-Executive Director; Mr. Tan Kok Aun - Non-Independent Non-Executive Director; Mr. Hui Chiu Fung - Independent Non-Executive Director; Mr. Teh Kor Lak - Independent Non-Executive Director. Audit and Risk Committee: Mr. Lim Thian Loong - Chairman; Mr. Hui Chiu Fung - Member; Mr. Teh Kor Lak - Member.

Nominating Committee: Mr. Hui Chiu Fung - Chairman; Mr. Lim Thian Loong - Member; Mr. Tan Teck Lin - Member. Remuneration Committee: Mr. Lim Thian Loong - Chairman; Mr. Tan Kok Aun - Member; Mr. Hui Chiu Fung - Member.