International Cement Group Ltd. approved the re-designation of Mr. Zengtao Zhang from Non-Independent and Non-Executive Director to Executive Director. Mr. Zhang has been appointed as Non-Independent and Non-Executive Director of the Company since 5 November 2015. Prior to that, he was the Managing Director and Chief Executive Officer of Compact Metal Industries Ltd. The Nominating Committee had proposed that Mr. Zhang be reinstated as Executive Director and CEO of the Company to oversee the daily business operations and lead the Company to the next phase of growth.

The Board, having considered the recommendation of the NC and reviewed the background, experience and skillset of Mr. Zhang, as well as the current Board composition, has approved the re-designation of Mr. Zhang as Executive Director and CEO. Role And Responsibilities: Executive. Area of responsibility is that of the CEO of the Company.

Job Title: Executive Director and Chief Executive Officer. Working Experience: Non-Independent Non-Executive Director of International Cement Group Ltd. - March 2019 to 31 July 2022; Chief Executive Officer, Compact Metal Industries Ltd. - January 2019 to March 2019; Managing Director, Compact Metal Industries Ltd. - November 2014 to December 2018 General Manager, Yaobai Special Cement Co. Ltd. - 2010 to 2014.

Other DirectorShips Past: EL Enviro (Asia) Pte. Ltd. (liquidated in 2022); International Cement Holdings Pte. Ltd; International Cement Investment Pte.

Ltd. (amalgamated with ICH); International Cement Kazakhstan Pte. Ltd. Other DirectorShips Present: Victory Gate Ventures Limited; Compact Metal Industries Pte. Ltd.; International Manufacturing Company Chzhungtsai Mohir Cement LLC.

Professional Qualifications: Master of Business Adminstration from Xi'an Jiaotong University.