Change - Announcement of Appointment::APPOINTMENT OF FINANCIAL CONTROLLER

APPENDIX

1. Foreland Fabritech Holdings Ltd ("FFH")
   Mr Leow was appointed independent director from 5 June 2014 to 30 November 2014. Mr Leow ceased his appointment in view of differences in opinion with the management to the appointment of special auditors.
   FFH and certain of its previous directors were reprimanded by the SGX-ST for breach of listing rules in November 2016, for matters which had occurred in 2013. Mr Leow was not the subject of the investigation by the SGX-ST.
2. China Taisan Technology Group Holdings Ltd ("CTST")
   Mr Leow was appointed independent director from 8 October 2015 to 7 September 2017.
   Subsequent to his cessation, CTST was placed under interim judicial management on 19 July 2018 and subsequently under judicial management on 21 August 2018. CTST was issued a winding up order on 6 September 2019 by the High Court of Singapore and was mandatory delisted by the SGX-ST on 20 August 2020. CTST was subsequently wound up on grounds of insolvency.
3. China Sports International Limited ("CSIL")
   Mr Leow was appointed independent director from 23 September 2016 to 14 May 2021.
   CSIL was placed under judicial management on 20 April 2018 and was mandatory delisted by the SGX-ST on 14 May 2021.
   The SGX-ST has requested for a cash audit to be performed in November 2017, of which the Company's CEO did not comply, citing that he was away for a business trip despite reminders that the external auditors will be in town to do the relevant audit.
   Mr Leow is not aware if CSIL was investigated by any relevant authorities for breach of listing rules during his tenure as an independent director and subsequent to the appointment of the judicial manager and its delisting.
4. China Fibretech Ltd ("CFT") (now known as Raffles Infrastructure Holdings Limited)
   Mr Leow was appointed independent director from 5 October 2017. CFT was previously suspended from trading by the SGX-ST as the company had requested for a voluntary suspension on 30 November 2015 following the receipt of payment claims from three customers of a wholly owned subsidiary of CFT. On 12 December 2017, CFT engaged KPMG Services Pte. Ltd. to perform special audit on the compensation claims cash paid to three customers. Mr Leow was not the subject of the special audit. The special audit report dated 13 August 2019 was released on SGXNet on 13 August 2019.
   As mentioned in CFT's announcement dated 7 May 2018, the SGX-ST has not commenced any disciplinary proceedings against CFT for its past breaches of the listing rules of the SGX- ST. Mr. Leow was not involved in the disciplinary proceedings nor involved in any investigations by the SGX-ST.
   CFT was given trading resumption on 28 September 2018 as Raffles Infrastructure Holdings Limited.