Straco Corporation Limited announced the following changes to the composition of the Board:- Mr. Tay Siew Choon and Mr. Lim Song Joo having served as Independent Non- Executive Directors of the Company for more than nine years, have both stepped down as Directors of the Company, with effect from the conclusion of the Annual General Meeting held on 29 April 2024, in order to facilitate the process of Board renewal; Accordingly, Mr. Lim Song Joo has ceased as the Audit and Risk Committee Chairman and Mr. Tay Siew Choon has also ceased as the Chairman of the Nominating and Remuneration Committees with effect from the conclusion of the Annual General Meeting held on 29 April 2024; Ms. Tan Khiaw Ngoh will be appointed as an Independent Non-Executive Director of the Company, and Member of the Audit and Risk Committee, with effect from 2 May 2024; Mr. Tan Kang Uei, Anthony will be appointed as an Independent Non-Executive Director of the Company, and a member of the Nominating and Remuneration Committees, respectively, with effect from 2 May 2024; Mr. Hee Theng Fong has been appointed as the Lead Independent Director of the Company and Chairman of the Nominating Committee, with immediate effect; and Mr. Teo Ser Luck has been appointed as Chairman of the Audit and Risk Committee and Chairman of the Remuneration Committee, with immediate effect. Consequent upon the above appointments, the composition of the Board of Directors and the respective Board Committees are as follows: The Board of Directors: Mr. Wu Hsioh Kwang - Executive Chairman; Mr. Li Weiqiang - Non-Executive Director; Mdm. Chua Soh Har - Non-Executive Director; Mr. Hee Theng Fong - Lead Independent Director; Mr. Teo Ser Luck - Independent Non-Executive Director; Ms. Tan Khiaw Ngoh - Independent Non-Executive Director; Mr. Tan Kang Uei, Anthony - Independent Non-Executive Director.

Audit & Risk Committee: Mr. Teo Ser Luck - Chairman; Mr. Hee Theng Fong - Member; and Ms. Tan Khiaw Ngoh - Member. Nominating Committee: Mr. Hee Theng Fong - Chairman; Mr. Wu Hsioh Kwang - Member; and Mr. Tan Kang Uei, Anthony - Member. Remuneration Committee: Mr. Teo Ser Luck - Chairman; Mdm.

Chua Soh Har - Member; and Mr. Tan Kang Uei, Anthony - Member.