Aspial Lifestyle Limited announced the following changes to the Board members have taken effect from 5 May 2023: Cessation of Directors - The cessation of the appointments of: Ms Goh Bee Leong as Independent Director of the Company, Mr. Lee Sai Sing as Independent Director of the Company and Ms Koh Lee Hwee as Non-Executive Director of the Company. On the recommendation of the Nominating Committee of the Company, the Board has approved the appointment of Mr. Yeo Yun Seng Bernard as Independent Director. The Board is confident that Mr. Yeo's extensive experience in the accounting and financial management will further complement and strengthen the core competencies of the Group.

Working Experience: 1997 - Present: Partner, Business Consultant, HT & BY Financial Management Consultants, Singapore. Professional Qualifications: Association of Chartered Certified Accountants, Fellow of the Association and Singapore Human Resources Institute, Fellow Member. Director Experience Details: RH Petrogas Limited (formerly known as Tri-M Technologies (S) Limited /Singapore) - Independent Director, Chairman of Remuneration Committee, Member of Audit and Nomination Committees, Sin Heng Heavy Machinery Limited - Independent Director, Chairman of Audit and Risk Committee, Member of Remuneration and Nomination Committees, UE E&C (delisted from the Official List of the SGX-ST with effect from 16 March 2015) - Independent Director, MFS Technology Ltd. - Independent Director, Chairman of Audit Committee and a Member of each of Remuneration and Nomination Committee, Agva Corporation Limited (delisted from the Official List of the SGX-ST) with effect from 22 May 2009) - Non Executive Director and a Member of each of Audit and Remuneration Committee.

Board of Directors ­ As outlined above, the following Board composition will be implemented from 5 May 2023 onwards: Mr. Koh Wee Seng (Chairman, Non-Executive Director), Mr. Ng Kean Seen (Chief Executive Officer and Executive Director), Ms. Ko Lee Meng (Non-Executive Director), Mr. Tan Keh Yan, Peter (Lead Independent Director), Mr. Tan Soo Kiang (Independent Director), Mr. Yeo Yun Seng Bernard (Independent Director). Following the change in the Board composition, the Board Committees of the Company are reconstituted with effect from 5 May 2023 onwards: Audit Committee: Mr. Tan Keh Yan, Peter (Chairman), Mr. Tan Soo Kiang, Mr. Yeo Yun Seng Bernard and Mr. Koh Wee Seng as members. Nominating Committee: Mr. Yeo Yun Seng Bernard (Chairman), Mr. Tan Keh Yan, Peter, Mr. Tan Soo Kiang and Mr. Koh Wee Seng as members.

Remuneration Committee: Mr. Tan Soo Kiang (Chairman), Mr. Tan Keh Yan, Peter, Mr. Yeo Yun Seng Bernard and Ms. Ko Lee Meng as members.