The board of directors of Khong Guan Limited announced changes and reconstitution of the Board Committees with effect from February 28, 2023: 1. Ms Tan Khiaw Ngoh, an Independent Director, has been appointed as a member of the Audit Committee. 2. Mr. Yeo Jih-Shian, an Independent Director, has been appointed as a member of the Remuneration Committee. 3. Mr. Hew Moh Yung, an Independent Director, has been re-designated as Chairman of the Remuneration Committee and he has also been appointed as a member of the Nominating Committee.

4. Mr. Tan Tiong Huat Alex, the Lead Independent Director, has been re-designated from Chairman of the Remuneration Committee to a member of the Remuneration Committee and he has also been appointed as a member of the Nominating Committee. 5. Mr. Chew Soo Lin, Executive Chairman has stepped down as a member of the Nominating Committee. Audit Committee includes, Mr. Tan Tiong Huat Alex ­ Chairman (Lead Independent Director), Mr. Yeo Jih-Shian ­ Member (Independent Director), Mr. Hew Moh Yung ­ Member (Independent Director), Ms Tan Khiaw Ngoh ­ Member (Independent Director), Remuneration Committee includes, Mr. Hew Moh Yung ­ Chairman (Independent Director), Mr. Tan Tiong Huat Alex­ Member (Independent Director), Mr. Yeo Jih-Shian ­ Member (Independent Director), Nominating Committee includes, Mr. Yeo Jih-Shian ­ Chairman (Independent Director), MrTan Tiong Huat Alex­ Member (Lead Independent Director), Mr. Hew Moh Yung­ Member (Independent Director).