The Board of Directors of GRP Limited having considered the recommendation of the Nominating Committee, and having reviewed and assessed qualifications, working experience and suitability of Mr. Tay Yong Lee, Colin ("Mr Tay"), approved his appointment as Managing Director of the Company. The appointment is Executive. Mr. Tay will be responsible for managing and overseeing the overall business strategy and development of the Group.

Working Experience: Over 30 years of international experience in executive leadership, private equity, international corporate finance, and infrastructure project execution. Other DirectorShips: Past Truss-Net (S) Pte Ltd. Hydrabaths Asia Pte Ltd. Director Experience Details: Mr. Tay will be attending the requisite training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. Professional Qualifications: Tertiary Diploma in Building from Singapore Polytechnic.

Other DirectorShips Present: Power Staples Investment Pte. Ltd. Boulevard Capital Partners Limited Boulevard AGC Securities Pty Limited. Effective from August 24, 2023.