The Board of Directors of Multi-Chem Limited announced the following changes effective 30 April 2024: Mr. Chong Teck Sin, Mr. Chan Wan Hong and Mr. Neo Bock Cheng have been appointed as Independent Non-Executive Directors of the Company at the Annual General Meeting ("AGM") held on 30 April 2024. Mr. Chong Teck Sin has been appointed as Board Chairman of the Company. The Board Committees of the Company have been reconstituted as follow: Audit and Risk Management Committee ("ARMC"):- Mr. Chong Teck Sin, Mr. Chan Wan Hong and Mr. Neo Bock Cheng have been appointed as members of ARMC.

Mr. Chong Teck Sin has been appointed as Chairman of the ARMC. Nominating Committee ("NC"):- Mr. Chong Teck Sin, Mr. Chan Wan Hong and Mr. Neo Bock Cheng have been appointed as members of NC. Mr. Chan Wan Hong has been appointed as Chairman of the NC.

Remuneration Committee ("RC"):- Mr. Chong Teck Sin, Mr. Chan Wan Hong and Mr. Neo Bock Cheng have been appointed as members of RC. Mr. Neo Bock Cheng has been appointed as Chairman of the RC. The composition of the Board of Directors and the Board Committees after the conclusion of the AGM on 30 April 2024 is as follows: Board of Directors:- Mr. Chong Teck Sin - Chairman, Non-executive and Independent Director, Foo Suan Sai - Chief Executive Officer, Han Juat Hoon - Chief Operating Officer, Foo Fang Yong - Executive Director, Chan Wan Hong - Non-executive and Independent Director, Neo Bock Cheng - Non-executive and Independent Director.

Audit and Risk Management Committee:- Chong Teck Sin - Chairman, Chan Wan Hong - Member, Neo Bock Cheng - Member. Nominating Committee:- Chan Wan Hong - Chairman, Chong Teck Sin - Member, Neo Bock Cheng - Member, Foo Suan Sai - Member. Remuneration Committee:- Neo Bock Cheng - Chairman, Chong Teck Sin - Member, Chan Wan Hong - Member.

Neo Bock Cheng's working experience is 2005 to 2017: Executive Vice President - Head of Global Transaction Banking, OCBC Bank 2018 to 2023: Executive Vice President - Head of Partnerships, Global Commercial Banking, OCBC Bank. Other DirectorShips Past:- NETS Singapore Pte Ltd. Other DirectorShips Present:- S.W.I.F.T. SCRL. Professional Qualifications are Bachelor of Engineering (Civil Engineering), National University of Singapore.

Chan Wan Hong's working experience is August 2022 to present: Senior Director, FC Legal Asia LLC August 2019 to July 2022: Director, Atlas Asia Law Corporation July 2011 to July 2019: Partner/Senior Partner, Dentons Rodyk LLP (formerly Rodyk & Davidson LLP). Other DirectorShips Past:- Director, Atlas Asia Law Corporation Partner, Ernst & Young Solutions LLP. Other DirectorShips Present:- Independent Non-executive Director, Centurion Corporation Limited Senior Director, FC Legal Asia LLC.

Director Experience Details:- Mr. Chan Wan Hong has been appointed as an Independent Non-Executive Director of Centurion Corporation Limited with effect from 1 January 2024. Mr. Chan Wan Hong has attended the Listed Entity Director (LED) Program conducted by the Singapore Institute of Directors, save for the modules on the audit committee and the nominating committee, which the Company will arrange for him to attend. Professional Qualifications are Bachelor of Laws from National University of Singapore Advocate and Solicitor, Singapore Member, Law Society of Singapore Member, Singapore Academy of Law.