Hong Fok Corporation Limited announces cessation of Lim Jun Xiong Steven as Non-executive Independent Director. Role And Responsibilities: Non-executive Independent Director. Job Title: Chairman of the Audit and Risk Management Committee; Member of the Nominating Committee and Member of the Remuneration Committee.

Reason For Cessation: Mr. Lim Jun Xiong Steven has completed his 9-year tenure as an Independent Director with Hong Fok Corporation Limited ("HFC") on 25 July 2023. As part of the board renewal process, Mr. Lim will step down as a director of HFC on 1 September 2023. Other Director Ships Past: 1. Emerging Towns & Cities Singapore Ltd. - Resigned on 05 April 2021; 2. Mirach Energy Limited - Resigned on 30 April 2021; 3. Keong Hong Holdings Limited - Ceased on 31 December 2021.

Other Director Ships Present: 1. Bund Center Investment Ltd; 2. Sinarmas Land Ltd; 3. Livingstone Health Holdings Limited; 4. Riverstone Holdings Limited; 5. CosmoSteel Holdings Limited.