The Board of Ocean Sky International Limited with the recommendation from the Nominating Committee, had reviewed and assessed the independence of Mr. Chia Boon Kuah and is satisfied that none of the relationships and circumstances under the Catalist Rules and Code of Corporate Governance 2018 existed for Mr. Chia and has therefore approved Mr. Chia's redesignation from Non-Executive Non-Independent Director to Independent Director with effect from 2 October 2023. The Board is of the view that Mr. Chia will be able to exercise independent judgement in the discharge of his duties and responsibilities as an Independent Director and act in the best interests of the Company. Mr. Chia had abstained from the deliberations and decisions of his re-designation.

Following his redesignation, Mr. Chia remain as a member of each the Audit Committee, Remuneration Committee and Nominating Committee of the Company. The Board considers Mr. Chia to be independent for the purposes of Rule 704(7) of the Catalist Rules. Working Experience: 2003 to 2014: Chief Operating Officer of Property Sales and Executive Director of Far East Organisation 2012 to 2017: Board Member and Member of Investment Committee of Singapore Polytechnic 2013 to 2015: President, Real Estate Developers' Association of Singapore 2014 to 2015: Director, Group President and Chief Executive Officer of GuocoLand Limited 2015 to 2019: Board Member and Member of Property Committee, Singapore National Healthcare Group.

Other DirectorShips Present: 1. Ocean Sky International Limited 2. TSky Development Pte Ltd. 3. TSky Balmoral Pte Ltd. 4. TSky Cairnhill Pte Ltd. 5. Scion Group Pte Ltd. Director Experience Details: Mr. Chia is currently a Director of Ocean Sky International Limited. Professional Qualifications: 1. Master of Business Administration from the National University of Singapore 2. Bachelor of Engineering from the Heriott Watt University, United Kingdom.