Kori Holdings Limiteda appointed Kori Holdings Limited as Non-Executive Independent Director, Chairman of the NC, member of the AC and RC. Board Comments: The board of directors ("Board" or "Directors"), having considered the recommendation of the Nominating Committee ("NC") and assessment of Mr. Chua Ser Miang's qualifications and experience, is of the view that he has the requisite experience and capability to assume the responsibilities of an Independent Director of Kori Holdings Limited (the "Company"). Working Experience: Nov.

2020 to present Director of Crowe Horwath Capital Pte Ltd. Jan 2013 to Dec 2020 Director of Eastwin Capital Pte Ltd. Oct 2013 to Jul 2014 Principal Consultant of Stamford Management Pte Ltd. Event Description: This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

Professional Qualifications:Master's degree in Global Finance and Banking (King's College London) Bachelor's degree in Business Administration (Hons) (National University of Singapore) Chartered Financial Analyst Member of Institute of Singapore Chartered Accountants.