Hiap Hoe Limited appointed Ong Seet Joon as Non-Executive and Independent Director and Chairman of the Remuneration Committee. Role And Responsibilities: No, the appointment is non-executive. Working Experience: 1. Co-Founder and Co-Managing Partner, A3 Capital Pte Ltd. (June 2021 to present) 2. Head, Client Coverage and Global Banking, Maybank Singapore (April 2012 to May 2021).

Board Comments: The Board of the Company, having reviewed and considered the Nominating Committee's assessment of Mr. Ong Seet Joon's qualifications and work experience, is of the view that Mr. Ong Seet Joon possesses the requisite experience and capabilities to assume the responsibilities as an Independent Director of the Company. Mr. Ong Seet Joon is considered independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. Other DirectorShips Present: 1. A3 Capital Pte Ltd. 2. Koh Brothers Group Ltd. 3. Tiong Seng Holdings Ltd. Director Experience Details: 1. Koh Brothers Group Ltd. 2. Tiong Seng Holdings Ltd. Event Description: Appointment of Non-Executive and Independent Director, Chairman of Remuneration Committee, and Member of Audit and Risk Committee and Nominating Committee.

Professional Qualifications: 1. Council Member of the Economic Society of Singapore 2. Member of the Singapore Institute of Directors.