Alset International Limited Announced the Cessation of Mr. Tao Yeoh Chi as Lead Independent Non-Executive Director and as Member of Nominating Committee. Role And Responsibilities: Independent Director; Other DirectorShips Past: UON, Singapore Pte. Ltd. Universe Group (Singapore) Pte Ltd. ST Telecommunications (Beijing) Co.

Ltd. Other DirectorShips Present: Global Resources & Consultants Pte. Ltd. Eratat Lifestyle Limited (in the process of liquidation) Ntegrator Holdings Limited. Reason For Cessation: Mr. Tao Yeoh Chi (?Mr. Tao?) will not seek for re-election at the Company's annual general meeting held on 30 April 2024 (?AGM?) in view of the tenure limit for independent directors.

Accordingly, Mr. Tao will retire as a Lead Independent Non-Executive Director of the Company and as a member of Nominating Committee (?NC?) of the Company at the conclusion of the AGM. Mr. Tao confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his retirement. The Company's Sponsor, Hong Leong Finance Limited, after having interviewed Mr. Tao, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr. Tao as an Independent Non-Executive Director of the Company.