Keong Hong Holdings Limited announced the following changes to the composition of the Board and Board Committees: As part of the board renewal plan, Mr. Chong Weng Hoe having served as an Independent Director for more than 9 years, will step down from the Board with effect from 29 February 2024. Upon his cessation, he will relinquish his positions as a Lead Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee. Fong Heng Boo will be appointed as Lead Independent Director and Mr. Kenneth Koh Tee Huck will be appointed as the Chairman of the Nominating Committee in place of Mr. Chong Weng Hoe.

Following the above changes, the composition of the Board of Directors and Board Committees will be as follows: Board of Directors: Mr. Leo Ting Ping Ronald - Executive Chairman and Chief Executive Officer Mr. Er Ang Hooa - Executive Director Mr. Xu Quanqiang - Executive Director Mr. Fong Heng Boo - Lead Independent Director Mr. Chong Wai Siak - Non-Executive Independent Director Mr. Koh Tee Huck Kenneth - Non-Executive Independent Director Ms Wong Ee Kean - Non-Executive Independent Director. Audit Committee: Mr. Fong Heng Boo, Lead Independent Director - Chairman Mr. Chong Wai Siak, Independent Director - Member Mr. Koh Tee Huck Kenneth, Independent Director - Member Remuneration CommitteeMr Chong Wai Siak, Independent Director - Chairman Mr. Fong Heng Boo, Lead Independent Director - Member Mr. Koh Tee Huck Kenneth, Independent Director - Member Nominating Committee: Mr. Kenneth Koh Tee Huck, Independent Director - Chairman Mr. Fong Heng Boo, Lead Independent Director - Member Mr. Chong Wai Siak, Independent Director - Member.