The Board of Directors of YBS proposes to seek its shareholders' approval by way of ordinary resolutions on the Proposed Granting of ESOS Options to the following parties at the forthcoming 20th Annual General Meeting of the Company:

1. Dato’ Jimmy Ong Chin Keng, an Independent Non-Executive Director of the Company;
2. Yong Li-Xiang, the son of Yong Chan Cheah, who is the Managing Director and major shareholder of YBS. Yong Li-Xiang is the Product Engineer of YBS group;
3. Yong Swee Fung, the sister of Yong Chan Cheah and Yong Swee Chuan, who are the Managing Director and Executive Director of YBS, respectively as well as the major shareholders of YBS. Yong Swee Fung is the Final Inspection Supervisor of YBS group; and
4. Chew Tin Hor, the brother-in-law of Yong Chan Cheah and Yong Swee Chuan, who are the Managing Director and Executive Director of YBS, respectively as well as the major shareholders of YBS. Chew Tin Hor is the Warehouse and Logistic Supervisor of YBS group.

The circular in relation to the Proposed Granting of ESOS Options setting out the details of the proposal will be despatched to the shareholders in due course.

This announcement is dated 13 July 2022.