The nominating committee of MoneyMax Financial Services Ltd. has reviewed Mr. Lim Chun Seng's professional qualifications and working experience and noted the achievements and good results he has shown since he joined the Company and its subsidiaries (the "Group") in 2018 and recommends his appointment as General Manager - MoneyMax Malaysia. This appointment will be in addition to Mr. Lim's current appointment as the General Manager of Moneymax Leasing. Mr. Lim will also be considered as an executive officer of the Group.

The Board of Directors of the Company is satisfied that Mr. Lim has the requisite experience and capabilities and has approved the appointment of Mr. Lim as recommended by the NC. The Board also views Mr. Lim to be part of the succession planning of the Group. Job Title: General Manager - MoneyMax Leasing and MoneyMax Malaysia.