The Board of Directors of King Wan Corporation Limited announced that with effect from 1 July 2022, Mr. Chua Kim Hua will be re- designated from Executive Chairman to Non-Independent Non-Executive Chairman. Consequential to the above change, the composition of the Board of the Company shall be as follow: Chua Kim Hua - Non-Independent Non-Executive Chairman. Chua Eng Eng - Executive Director and Managing Director.

Chua Hai Kuey - Executive Director. Independent Non-Executive Director (also the Lead Tang Siew Foo David - Independent Director). Teo Ho Pin - Independent Non-Executive Director.

Siraarpa Siriviriyakul - Independent Non-Executive Director.