Safety Godown Company, Limited announces that Ms. Oen Li Lin ("Ms. Oen") has tendered her resignation as an independent non-executive Director ("INED") of the Company with effect from 4 September 2023 so that she can devote more time to her other commitments. Accordingly, following her resignation as INED, Ms. Oen ceased to act as member of the audit committee and the remuneration and nomination committee with effect from 4 September 2023. Meanwhile, the Board seeks to identify an appropriate candidate to be appointed as a new INED on or before 4 December 2023.

Following the resignation of Ms. Oen, the Board would comprise four directors, being one executive director, one non-executive director and two INEDs and would constitute a single gender Board.