The Board of Directors of Boustead Singapore Limited announced that with the retirement of Mr. Godfrey Ernest Scotchbrook as a Director of the company after the conclusion of the company's Annual General Meeting held on July 28, 2022, Mr. Liak Teng Lit, an Independent Non-Executive Director, has been appointed Chairman of the Nominating Committee. This is addition to Mr. Liak existing appointment as a member of the Audit & Risk Committee. Following the aforesaid changes, the composition of the Board and respective Board Committees will be:- Board of Directors: Wong Fong Fui - Chairman & Group Chief Executive Officer, Wong Yu Loon - Executive Director & Deputy Group Chief Executive Officer, Dr. Tan Khee Giap - Independent Non-Executive Director, Liak Teng Lit - Independent Non-Executive Director, Mak Lye Mun - Independent Non-Executive Director.

Audit & Risk Committee: Dr. Tan Khee Giap (Chairman), Liak Teng Lit, Mak Lye Mun. Nominating Committee: Liak Teng Lit (Chairman), Dr. Tan Khee Giap, Wong Fong Fui. Remuneration Committee: Mak Lye Mun (Chairman), Dr. Tan Khee Giap and Liak Teng Lit.