The Board of Directors of the Company ("Board") wishes to announce that the Board has approved the merger of the Nomination Committee and Remuneration Committee to be known as "Nomination and Remuneration Committee" effective 1 January 2023.

The rationale for the merger of the two Board Committees is aimed to improve the efficiency and effectiveness of the Board in discharging its duties.

The composition of the members of the Nomination and Remuneration Committees is as follows:-

Chairman:-

Ms. Doris Cheng Chin Ching (Independent and Non-Executive Director)

Members:-

Dato' Chan Choun Sien (Independent and Non-Executive Director)

Ms. Lim Siew Eng (Independent and Non-Executive Director)

This announcement is dated 30 December 2022.