Swang Chai Chuan Limited Board announced that with effect from 1 June 2023, Mr. Tham has resigned as the Chief Financial Officer of the Company. Mr. Tham has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation as the Chief Financial Officer that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Following the resignation of Mr. Tham as the Chief Financial Officer, Mr. Ooi has been appointed as the Chief Financial Officer of the Company, with effect from 1 June 2023.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Tham for his contribution to the Company during his tenure serving as the Chief Financial Officer of the Company.