The Board of Directors of Alset International Limited announced the cessation of Mr. Tao Yeoh Chi (Mr. Tao) as the Lead Independent Non-Executive Director of the company with effect from 30 April 2024; and the re-designation of Mr. Tang Yeng Yuen as the Lead Independent Non-Executive Director of the Company and appointment as a member of the Nominating Committee of the Company with effect from 1 May 2024. Following the above-mentioned changes and with effect from 1 May 2024, the composition of the Board of the Company and the Nominating Committee of the Company shall be reconstituted as follows: Board of Directors: Mr. Chan Heng Fai (Executive Chairman, Executive Director and Chief Executive Officer); Mr. Chan Tung Moe (Executive Director and Co-Chief Executive Officer); Mr. Lui Wai Leung Alan (Executive Director and Chief Financial Officer); Mr. Lim Sheng Hon, Danny (Executive Director and Senior Vice President of Business Development); Mr. Tang Yeng Yuen (Lead Independent Non-Executive Director); Mr. Chan King Fai (Independent Non-Executive Director); Mr. Wong Shui Yeung (Independent Non-Executive Director) and Mr. Wong Tat Keung (Independent Non-Executive Director). Nominating Committee: Mr. Wong Tat Keung (Chairman); Mr. Tang Yeng Yuen (Member); Mr. Chan King Fai (Member); Mr. Chan Heng Fai (Member).

For the avoidance of doubt, there are no changes to the composition of the Audit and Risk Management Committee and the Remuneration Committee of the Company.