AnnounceMENT

Retirement of Independent Non-Executive Director and relinquishment as Chairman of the AuditCommittee, a member of the Nominating Committee, and the Remuneration Committee respectively.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Name Of Person
Chiew Chun Wee

Age
50

Is effective date of cessation known?
Yes

If yes, please provide the date
29/04/2026

Detailed Reason (s) for cessation
Mr Chiew Chun Wee ("Mr Chiew") is an Independent Non-Executive Director ("INED"), Chairman of theAudit Committee, a member of the Nominating Committee, and the Remuneration Committee respectively.Mr Chiew is retiring by rotation under Article 94 of the Company's Constitution at the Company's AnnualGeneral Meeting ("AGM") to be held on 29 April 2026. He has decided not to seek for re-election due tohealth reasons and will retire as INED at the conclusion of the AGM.

Accordingly, he will also relinquish his positions as Chairman of the Audit Committee, a member of theNominating Committee, and the Remuneration Committee respectively.

After having interviewed Mr Chiew, and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chiew as INED of the Company.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No

Any other relevant information to be provided to shareholders of the listed issuer?
No

Date of Appointment to current position
23/01/2024

‍Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Audit Committee, a member of the NominatingCommittee, and the Remuneration Committee respectively.

Role and responsibilities
Roles and responsibilities of an Independent Non-Executive Director, Chairman of the Audit Committee, a member of the Nominating Committee, and the Remuneration Committee respectively.

Does the AC have a minimum of 3 members (taking into account this cessation)?
No

Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0

Do Independent Directors make up at least one-third of the board (taking into account this cessation)?
Yes

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None

Shareholding interest in the listed issuer and its subsidiaries?
No

Past (for the last 5 years)

None

‍Present

None