The Board of Directors of Kim Heng Ltd. announced the following changes with effect from 26 April 2023: Retirement of Mr. Ho Boon Chuan Wilson as the Lead Independent Director of the Company. He will relinquish his position as the Chairman of Audit and Risk Committee and member of the Nominating Committee and Remuneration Committee; and Retirement of Mr. Ong Sie Hou Raymond as the Independent Director of the Company. He will relinquish his position as the Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit and Risk Committee.

Following to the aforesaid changes, the composition of the Board and Board Committees shall be as follows: Board of Directors: Mr. Tan Keng Siong Thomas (Executive Director and Chief Executive Officer), Mr. Choo Kee Siong (Non-Independent and Non-Executive Director), Mr. Tran Phuoc (Lead Independent Director), Mr. Tan Kok Kiong Andrew (Independent Director). Audit and Risk Committee: Mr. Tran Phuoc (Chairman - Lead Independent Director), Mr. Choo Kee Siong (Member - Non-Independent and Non-Executive Director), Mr. Tan Kok Kiong Andrew (Member - Independent Director). Nominating Committee: Mr. Tan Kok Kiong Andrew (Chairman - Independent Director), Mr. Tran Phuoc (Member - Lead Independent Director), Mr. Choo Kee Siong (Member - Non-Independent and Non-Executive Director).

Remuneration Committee: Mr. Tran Phuoc (Chairman - Lead Independent Director), Mr. Choo Kee Siong (Member - Non-Independent and Non-Executive Director), Mr. Tan Kok Kiong Andrew (Member - Independent Director).