Rex International Holding Limited announced the reconstitution of the Board and Board Committees, pursuant to its most recent Board renewal initiatives. The following re-designations take effect from 25 April 2024, upon conclusion of the Company's Annual General Meeting for the financial year ended 31 December 2023: Mr. John d'Abo has been re-designated from Executive Vice Chairman to Executive Chairman. Following the redesignation of Mr. d'Abo, he will become a member of the Remuneration and Audit Committees.

For the purposes of Listing Rule 704(8), the Board does not consider Mr. d'Abo to be independent; and Mr. Pong Chen Yih has been redesignated from Independent Director to Lead Independent Director. He will also be appointed as chairman of the Nominating and Remuneration Committees, and a member of the Audit Committee. The Board considers Mr. Pong to be independent for the purpose of Listing Rule 704(8); and Ms. Mae Heng has been appointed as a member of the Nominating Committee.

Consequential to the above, the composition of the Board and each of the Board Committees of the Company are as follows: Directos: John d'Abo, Executive Chairman, Pong Chen Yih, Lead Independent Director, Mae Heng, Independent Director,Beverley Smith, Independent Director, Dr. Mathias Lidgren, Non-Independent Non-Executive Director. BOARD COMMITTEES: Nominating Committee:, Pong Chen Yih, Chairman, Mae Heng, Dr. Mathias Lidgren. Remuneration Committee: Pong Chen Yih, Chairman, Mae Heng, John d'Abo.

Audit Committee: Mae Heng, Chairperson, Pong Chen Yih, John d'Abo. The Company has established the Audit Committee comprising three members, the majority of whom, including the Chairman of the AC, are independent.