The Board of VCPlus Limited, after taking consideration of recommendation of the Nominating Committee and assessed Mr. Chong Heng Loong's qualifications, work experience and work performance as the Chief Executive Officer of the Company since his appointment in April 2021, is of the view that Mr. Chong Heng Loong possesses the requisite experience and capabilities to assume the responsibilities as Executive Director and Chief Executive Officer of the Company. This appointment is executive. Mr. Chong will be responsible for formulating corporate strategies for the Company and the Group and oversee their day-to-day management, business development activities, sales and marketing.

Job Title: Executive Director and Chief Executive Officer. Working Experience: Chief Executive Officer, VCPlus Ltd., (April 2021 - Present) Chief Financial Officer, Hatten Land Limited, (April 2020 - March 2021) Head of Business Development & Corporate Finance, Hatten International Pte Ltd, (October 2017 - March 2020) Director, Corporate Client Coverage, RHB Bank Singapore Pte. Ltd. (formerly known as DMG & Partners Securities Pte Ltd), (September 2015 - September 2017) Associate Director, Corporate Finance, RHB Securities Singapore Pte.

Ltd. (formerly known as DMG & Partners Securities Pte Ltd), (January 2010 - August 2015). Date of appointment is October 2, 2023.