The Board of Directors of Singapura Finance Ltd. is deeply saddened to announce the demise of Mr. Phua Bah Lee ("Mr. Phua"), the Independent Non-Executive Director, Remuneration Committee Chairman and a member of the Audit Committee and the Nominating Committee on 26 December 2021. Mr. Phua was appointed to the Board of the Company on 19 October 1988. The Board is deeply grateful to Mr. Phua for his invaluable contributions and dedicated service to the Group these past years.