World Precision Machinery Limited announced that Ms Low Mui Kee has on 28 December 2023 informed the Board on her resignation as the Lead Independent Director of the Company, chairman of the Audit Committee ("AC") and members of the Remuneration Committee ("RC") and Nominating Committee ("NC") with effect from 28 December 2023, due to personal reasons; and Mr. Lim Yoke Hean, an incumbent Independent Director and a member of the AC, Chairman of the NC and the RC, has been appointed as the AC Chairman in place of Ms Low Mui Kee with immediate effect. Composition of Audit Committee: Wang Weiyao, Non-Executive and Non-Independent Director as member and Lim Yoke Hean, Chairman. Composition of Remuneration Committee: Wang Weiyao, Non-Executive and Non-Independent Director as member and Lim Yoke Hean, Chairman.

Composition of Nominating Committee: Wang Weiyao, Non-Executive and Non-Independent Director as member and Lim Yoke Hean, Chairman.