LY Corporation Limited announced the re-designation of Mr. Yeo Kian Wee Andy ("Mr Yeo") from Independent Director to Independent Non-Executive Chairman of the Board of Directors; Chairman of the Remuneration Committee and Member of Audit and Risk Committee, effective February 1, 2024. The company reviewed and approved by the Nominating Committee and the Board, after taking into account his qualifications and working experience, is of the view that the re-designation of Mr. Yeo as Independent Non-Executive Chairman of the Board will strengthen the independent element of the Board. Mr. Yeo had abstained from the deliberations and decision of his re-designation.

Following Mr. Yeo's re-designation, he will remain as the Chairman of the Remuneration Committee, a member of the Audit and Risk Committee. Director Experience Details: Present: LY Corporation Limited, (from 20 December 2017 to current) (listed on SGX, Singapore) Tee International Limited (from 20 December 2020 to current) (listed on SGX, Singapore) Past: None. Professional Qualifications: Mr. Yeo graduated with a Bachelor of Laws from the National University of Singapore in 1996 and admitted as an advocate and solicitor in Singapore in 2000.

He is a non-practicing solicitor of England and Wales, having been admitted to the Roll of Solicitors of England and Wales in 2010. Mr. Yeo has been an accredited international mediator of the Thailand Arbitration Centre since 2016.