Precious Shipping Public Company Limited (Company), refer to the resolutions of the shareholders at the Annual General Meeting of Shareholders No. 1/2023 held on 10th April 2023 regarding the appointment of Ms. Qiyu (Jackie) Wang as a new Independent Director on the Board of Directors. At the Meeting of the Board of Directors of the Company No.

3/2023 held on 15th May 2023 at 9:00 hrs., the Board has resolved to reorganize. The combination of the Nomination Committee and the Remuneration Committee into one committee, namely the Nomination and Remuneration Committee, which comprises the following members: (i) Ms. Pensri Suteerasarn, Independent Director, Chairperson of the Committee. (ii) Ms. Qiyu (Jackie) Wang, Independent Director, Committee Member.

(iii) Mr. Kirit Shah, Director, Committee Member. The revised structure of the Sustainability and Risk Management Committee is as follows: (i) Prof. Dr. Pavida Pananond, Independent Director, Chairperson of the Committee. (ii) Mr. Kamtorn Sila-On, Independent Director, Committee Member.

(iii) Ms. Pensri Suteerasarn, Independent Director, Committee Member. (iv) Ms. Qiyu (Jackie) Wang, Independent Director, Committee Member. (v) Mr. Khalid Moinuddin Hashim, Managing Director, Committee Member.

The structure of the Audit and Corporate Governance Committee remains unchanged.