OEL (Holdings) Limited (the Company) announced cessation of Mr. Yap Koon Loong (Mr. Yap) as an Independent Director of the Company with effect from 31 May 2023. Pursuant to the foregoing, Mr. Yap stepped down from his position as Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee of the Company. Board of Directors Dr. Zhang Jian - Chairman and Executive Director Ms. Zhao Xin - Chief Executive Officer and Executive Director Mr. Chong Eng Wee - Independent Director Dr. Toh Lim Kai - Independent Director Mr. Tan Lye Heng Paul - Independent Director Audit Committee Mr. Tan Lye Heng Paul - Chairman Mr. Chong Eng Wee Dr. Toh Lim Kai Nominating Committee Mr. Chong Eng Wee - Chairman Dr. Toh Lim Kai Mr. Tan Lye Heng Paul Remuneration Committee Mr. Chong Eng Wee - Chairman Dr. Toh Lim Kai Mr. Tan Lye Heng Paul.