Further to the appointment of Mr. Ong Eng Keong (Wang Rongkang) ("Mr Ong") as the Executive Director of the Company on 22 March 2024 and retirement of Dr. Ong Hian Eng on 30 April 2024, the Nominating Committee (the "NC") has recommended and the Board of AsiaPhos Limited has approved the appointment of Mr. Ong as Chief Executive Officer, after taking into consideration Mr. Ong's qualifications, expertise and past experiences. Dr. Ong Hian Eng is the father of Mr. Ong and a Member of the NC so he has abstained from deliberation and voting on the appointment of Mr. Ong. Role And Responsibilities: Executive.

Business development, driving profitability and pursuing sustainable growth of the company. Job Title: i. Executive Director and Chief Executive Officer ii. Member of Nominating Committee.

Working Experience: March 2024 - Present Executive Director, AsiaPhos Limited March 2024 - Present Executive Director, Norwest Global Trading Pte. Ltd. February 2023 - Present Executive Director, AP New Energy Pte. Ltd. December 2019 - July 2023 Executive Chairman/Investor, Sleek EV Pte Ltd. (formerly known as Geko Life Pte Ltd) January 2017 - May 2019 Chief Executive Officer/Co-Founder, Bondlinc Private Limited March 2010 - August 2016 Managing Director, Credit Trading, Jefferies international Familial RelationShip: - Son of Dr. Ong Hian Eng, who was a Chief Executive Officer and Executive Director and substantial shareholder of the Company (Dr Ong will be retiring upon the conclusion of the AGM on 30 April 2024) - Cousin of Mr. Ong Eng Hock Simon, who is a Non-Executive Non-Independent Director of the Company and Ms Ong Bee Kuan Melissa, a substantial shareholder of the Company - Brother-in-law of Jaime Chiew, Chief Risk Officer of the Company.

Other DirectorShips Past Directorships: i. Hwa Hong Corporation Pte. Ltd. ii. Bondlinc Private Limited iii.

Future Vision Pte. Ltd. iv. Sleek EV Pte.

Ltd. Other Principal Commitments Nil. Other DirectorShips Present Directorships: i. AsiaPhos Limited ii. Ong Chay Tong & Sons (Private) Limited iii.

FICA (Pte.) Ltd. iv. AP New Energy Pte. Ltd. v. Crushmetric Ecommerce (SEA) Pte.

Ltd. vi. Norwest Global Trading Pte. Ltd. Other Principal Commitments Management Committee Member, Chairman of Investment and Digitalisation Committee, Chinese Swimming Club.

Director Experience Details: Mr. Ong is an Executive Director of AsiaPhos Limited and was a Director of Hwa Hong Corporation Limited. Professional Qualifications: BSc Economics (London School of Economics and Political Science).