Change - Change in Corporate Information::Changes to the Composition of the Board Committees

SP CORPORATION LIMITED

(Company Registration No. 195200115K)

CHANGES TO THE COMPOSITION OF THE BOARD COMMITTEES

SP Corporation Limited (the "Company") wishes to announce the following changes to its Board Committees with immediate effect:

1. Mr Tan Lye Huat, a Non-Executive and Independent Director, has been appointed as Chairman of the Audit & Risk Committee, and retain his current roles as a member of the Nominating Committee and the Remuneration Committee.
2. Mr Cheng Hong Kok, a Non-Executive and Independent Director, has relinquished his role as Chairman of the Audit & Risk Committee, but retain his current roles as Chairman of the Nominating Committee and a member of the Remuneration Committee.
3. Mr Peter Sung, a Non-Executive and Independent Director, has been appointed as a member of the Audit & Risk Committee, and retain his current roles as Chairman of the Board and Chairman of the Remuneration Committee.
4. Mr Leong Kok Ho, a Non-Executive and Non-Independent Director, has been appointed as a member of the Nominating Committee, in addition to his current role as a member of the Audit & Risk Committee.
5. Mr William Nursalim alias William Liem, the Interim Executive Director, has relinquished his role as a member of the Nominating Committee.

Consequent to the aforesaid changes, the composition of the Board Committees shall be as follows:

Audit & Risk Committee
Mr Tan Lye Huat	Chairman
Mr Leong Kok Ho	Member
Mr Peter Sung	Member
Nominating Committee
Mr Cheng Hong Kok	Chairman
Mr Tan Lye Huat	Member
Mr Leong Kok Ho	Member
Remuneration Committee
Mr Peter Sung	Chairman
Mr Cheng Hong Kok	Member
Mr Tan Lye Huat	Member

For purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited in relation to the appointment/re-appointment of Directors to the Audit & Risk Committee, the Board considers Mr Tan Lye Huat and Mr Peter Sung as Independent Directors of the Company.

BY ORDER OF THE BOARD

Tan Sock Kiang

Group Company Secretary

1 July 2021

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