The Board of Directors of SHS Holdings Ltd. announce that, as part of the board's renewal process, the following changes to the Board and Board Committees with effect from the conclusion of the AGM held 29 April 2024: The resignation of Mr. Oh Eng Bin, Kenneth as an Independent Director of the Company. Consequent to his resignation as an Independent Director, Mr. Oh will also be vacating his positions as Chairman of the Remuneration Committee as well as member of the Audit and Nominating Committees. The appointment of Mr. Chua San Lek as an Independent Director of the Company in place of Mr. Oh Eng Bin, Kenneth.

Mr. Chua will also be appointed as member of the Audit, Nominating and Remuneration Committees. The appointment of Mr. Oong Wei Yuan, Ron as Chairman of the Remuneration Committee. Following the above changes, the composition of the Board of Directors and Board Committees will be as follows: Board of Directors: Mr. Teng Choon Kiat: (Executive Chairman); Mr. Ng Han Kok, Henry: (Executive Director & Group Chief Executive Officer); Mr. Lee Gee Aik: (Lead Independent Director); Mr. Chua San Lek: (Independent Director); Mr. Oong Wei Yuan, Ron: (Independent Director).

Audit Committee: Mr. Lee Gee Aik: (Chairman); Mr. Chua San Lek: (Member); Mr. Oong Wei Yuan, Ron: (Member). Nominating Committee: Mr. Lee Gee Aik: (Chairman); Mr. Chua San Lek: (Member); Mr. Oong Wei Yuan, Ron: (Member). Remuneration Committee: Mr. Oong Wei Yuan, Ron: (Chairman); Mr. Lee Gee Aik: (Member); Mr. Chua San Lek: (Member).