MeGroup Ltd. announced that Mr. Wong Sai Hou is the Head of Group Expansion & Strategy, and Head of Dealership of the Group. The Nominating Committee, after considering Mr. Wong Sai Hou's credentials, experiences and contributions to the Group, has recommended to the Board of Directors the appointment of Mr. Wong Sai Hou as Chief Executive Officer of the Company. The Board of Directors has approved the appointment.

Executive. As the Chief Executive Officer, Mr. Wong Sai Hou shall continue to be responsible for overseeing and settling the growth and expansion strategy of the Group's Manufacturing Business and the Dealership Business. Mr. Wong Sai Hou has also been instrumental in the development of the Group's Dealership Business.

As the Head of Dealership, Mr. Wong Sai Hou also oversees the operation and management of the Group's dealerships, in addition to his role as Head, Group Expansion & Strategy. Mr. Wong Sai Hou has been with the Group since 1999, and joined as an executive in Manufacturing Business and is currently the Head of Group Expansion & Strategy, and Head of Dealership of the Group. As part of the succession planning, Mr. Wong Cheong Chee has expressed his desire to step down as the Executive Chairman and Chief Executive Officer of the Company with effect from 30 August 2024.

Other DirectorShips Present: JCWW Holdings Pte. Ltd. JCWW Sdn. Bhd.

Menang Nusantara Sdn. Bhd. Menang Nusantara Holdings Sdn.

Bhd. Menang Nusantara Auto Sdn. Bhd.

MJN Motors Sdn. Bhd. MJN Auto Sdn.

Bhd. MJN Automart Sdn. Bhd.

MN Automart Sdn. Bhd. MN Otomart Sdn.

Bhd. MN Wheels Sdn. Bhd.

JTW General Sdn. Bhd. Yatta Group Sdn.

Bhd. Mr. Wong Sai Hou graduated from the University of Melbourne with a Bachelor Degree in Engineering. Appointment date is August 30, 2024.

Familial RelationShip: Mr. Wong Sai Hou is the son of (1) Mr. Wong Cheong Chee, the current Executive Chairman and Chief Executive Officer (who is stepping down on 30 August 2024), and Substantial Shareholder of the Company; and (2) Mdm Lee Soh Hong, Substantial Shareholder of the Company. Mr. Wong Sai Hou is the brother of (1) Ms Wong Keat Yee, Executive Director and Head of Operations, Manufacturing (who is also appointed as the Executive Chairwoman of the Board with effect from 30 August 2024); and (2) Mr. Wong Sai Keat Head of Engineering and R&D, Manufacturing of the Group (who is also appointed as an Executive Director of the Company with effect from 30 August 2024). Mr. Wong Sai Hou is also the cousin of Mr. Lee Khoon Chuan, Substantial Shareholder of the Company.

Mr. Wong Sai Hou is a director of Yatta Group Sdn Bhd where Ms Wong Keat Yee and Mr. Wong Sai Keat are also directors of the said company.