Turnstar Holdings Limited at the annual general meeting held on July 28, 2022 approved the appointment of Amaresh Chetty as Director of the Company. Mr. Butler Phirie has been appointed Chairman of the Board, having served as a Director since July 2021. Mr. Chetty is the Chief Investment Officer at Ngwenya Capital and has in excess of 15 years' investment and commercial experience across various sectors, including but not limited to real estate, healthcare, and financial services.

He has served as a Director at Ascendis Health Limited (JSE Main Board), Sunstone Capital Limited, Pepper Club Hotel Investments, and Rencell. The Board thanks Mr. Thobo Kerekang, who offered himself for election as a Director. Unfortunately, insufficient votes were noted for this resolution to pass.

Mr. Patrick K. Balopi and Mr. Pierre J. Bezuidenhout have resigned as Directors, having each served the requisite terms on the Board.