As part of the progressive Board's renewal process, Mr. Tay Seo Long has expressed his intention to retire from the Board of Hiap Tong Corporation Ltd. and not seek for re-election at the Company's forthcoming Annual General Meeting to be held on 25 July 2024. Upon Mr. Tay's retirement, he will also relinquish his positions as Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee.