Natural Cool Holdings Limited Appointed Tran Phuoc as Independent Non-Executive Director, Independent Non-Executive Director, Member of the Audit and Risk, Nominating and Remuneration Committees. Board Comments Mr. Tran has extensive experience with over thirty-five years of public accounting experience in auditing, and providing accounting and related advice on financial reporting matters, as well as regulatory compliance matters relating to the Companies Act and SGX-ST listing rules. He has assisted companies in initial public offerings, reverse takeovers, bond issuance and other capital raising exercises.

He has also advised companies in restructuring exercises, and merger and acquisitions transactions. These will enhance the core competency and diversity of skills of the current Board. Having considered the recommendation of the Nominating Committee, and Mr. Tran's academic and professional qualification, business experience, competencies, and other qualities in relation to the Company's business activities and strategic goals, the Board approved the appointment of Mr. Tran as an Independent Non-Executive Director of the Company.

The Board considered Mr. Tran to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist. Working Experience May 2021 to present Partner of WLT Assurance LLP January 2021 to June 2021 Partner of RSM Chio Lim LLP September 2001 to September 2020 Partner of KPMG LLP. Director Experience Details During his twenty plus years career with KPMG Singapore, Mr. Tran was the audit engagement partner for numerous listed companies.

He was involved in capital raising exercises as reporting accountants, participated in audit committee and board meetings on continuing compliance obligations of listed companies, as well as governance and risk management projects. As a result, Mr. Tran understands the roles and responsibilities, and the practical aspects of a director of listed companies. Further more, over the last two years, Mr. Tran has been appointed as director of non-listed companies in the capacity of Audit and Risk Committee Chair.

Nonetheless, Mr. Tran has completed certain SID programs for listed company directors and the Company will arrange for Mr. Tran to complete the remaining mandatory training modules within one year from the date of his appointment. Mr. Tran attended the following events conducted by SID in 2021 and 2022: - Listed entity director essentials - ACRA-SGX-SID audit committee seminar 2022 - Environmental, social and governance essentials - Maximising the value of internal audit. Working Experience May 2021 to present Partner of WLT Assurance LLP January 2021 to June 2021 Partner of RSM Chio Lim LLP September 2001 to September 2020 Partner of KPMG LLP.