Singapore Shipping Corporation Limited announced that Mr. Huong Wei Beng has resigned as an Independent Non-Executive Director of the Company, Chairman of Audit and Risk Management Committee and Member of Remuneration Committee. Following the aforesaid changes, the new composition of the Board and Board Committees with effect from 1 February 2024 shall be as follows: Board of Directors: Mr. Ow Chio Kiat - Executive Chairman, Mr. Ow Cheo Guan - Deputy Executive Chairman, Mr. Ow Yew Heng - Executive Director and Chief Executive Officer, Ms Pebble Sia Huei-Chieh - Independent Non-Executive Director and Lead Independent Director, Mr. Hoon Chee Wai - Independent Non-Executive Director, Mr. A Selverajah - Independent Non-Executive Director. Audit and Risk Management Committee: Mr. Hoon Chee Wai ?

Chairman, Ms Pebble Sia Huei-Chieh ? Member, Mr. A Selverajah ? Member.

Nominating Committee: Ms Pebble Sia Huei-Chieh ? Chairman, Mr. Ow Chio Kiat ? Member, Mr. A Selverajah ?

Member. Remuneration Committee: Mr. A Selverajah ? Chairman, Ms Pebble Sia Huei-Chieh ?

Member, Mr. Hoon Chee Wai ? Member.