Boustead Singapore Limited announced appointments to the Board of Directors of the Company. Mr. Wong Yu Wei joined Boustead Projects Limited in 2009 and was appointed as Deputy Chairman & Executive Director in 2015 and Executive Deputy Chairman in 2021. He began his role at Boustead Projects as Deputy Managing Director and was subsequently promoted to Senior Deputy Managing Director before assuming his current position.

With over 15 years of real estate development experience, Mr. Wong assumes overall responsibility for the Boustead Group's Engineering & Construction Business and Real Estate Business. He has been instrumental in growing Real Estate Business including developments, investments, asset management and fund management, as well as overseeing legal matters, overseas business expansion and execution of strategic partnerships and joint ventures. Prior to joining Boustead Projects, Mr. Wong held positions within the Boustead Group for seven years.

Mr. Chong Lit Cheong (Independent Non-Executive Director) Member of the Audit & Risk Committee, Nominating Committee and Remuneration Committee With over 35 years of extensive senior management experience, Mr. Chong Lit Cheong has a long, proven track record in leadership positions in the private and public sectors, both in Singapore and overseas. Mr. Chong was previously Group Chief Corporate Officer of Surbana Jurong Pte Ltd. and also held senior management positions in the CapitaLand Group as Chief Executive Officer of CapitaLand Commercial Ltd, CEO of Regional Investments, Deputy Group Chief Corporate Officer and Senior Advisor, Strategic Projects. He also held senior management positions including CEO of International Enterprise Singapore and JTC Corporation, and Managing Director of the National Science & Technology Board, and in the Economic Development Board of Singapore where he was posted to Suzhou, China, to lead the development of the China- Singapore Suzhou Industrial Park.

Mr. Chong relinquished his role as Independent Non-Executive Director of Boustead Projects Limited prior to his appointment to Board. Professor Yong Kwet Yew (Independent Non-Executive Director) Member of the Audit & Risk Committee, Nominating Committee and Remuneration Committee With over 40 years of extensive civil engineering experience, Professor Yong Kwet Yew is one of Singapore's leading experts on civil engineering, geotechnical engineering and infrastructure development. Professor Yong is currently Professor of Civil & Environmental Engineering and formerly Senior Vice President (Campus Infrastructure) at the National University of Singapore, where he has served for over 40 years and overseen the development of a smart, safe and sustainable campus including the completed $1 billion University Town and Yale-NUS College.

His research is a microcosm of infrastructure development in Singapore, with the publishing of more than 200 technical publications and delivery of over 30 keynote and guest lectures at international conferences. He is also currently Independent Non-Executive Chairman of BBR Holdings (S) Ltd. and Tritech Group Ltd. Professor Yong has chaired and served on the boards and national committees at several of the Singapore Government's ministries and statutory boards including the Building & Construction Authority, Land Transport Authority, Ministry of Defence, Ministry of Finance, Ministry of Manpower, Ministry of National Development and Ministry of Sustainability & the Environment. He also served as an advisor and consultant to government agencies and organizations on over 100 major infrastructure projects in the Asia Pacific.

Professor Yong relinquished his role as Independent Non-Executive Director of Boustead Projects Limited prior to his appointment to Board. The Board is of the view that the appointments of Mr. Wong, Mr. Chong and Professor Yong will further broaden and enhance the collective skills and experience of the Board. Further to the appointments of Mr. Wong, Mr. Chong and Professor Yong, the Board has also carried out a reconstitution of the various Board Committees.

Following these changes, the composition of the Board and respective Board Committees will comprise the following:- Audit & Risk Committee has Dr. Tan Khee Giap (Chairman), Liak Teng Lit, Mak Lye Mun, Chong Lit Cheong, Professor Yong Kwet Yew. Nominating Committee has Liak Teng Lit (Chairman), Chong Lit Cheong, Professor Yong Kwet Yew Wong Fong Fui. Remuneration Committee has Mak Lye Mun (Chairman), Dr. Tan Khee Giap, Chong Lit Cheong, Professor Yong Kwet Yew.