The Board of Directors of Vallianz Holdings Limited refer to the Company's announcement dated 27 June 2022 on the resignation of Mr. Poon Siew Loong ("Mr. Poon") as the Independent Non-Executive Director of the Company with effect from 27 June 2022. Following his resignation, Mr. Poon also ceased as the Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee of the Company. The Company and Nominating Committee of the Company has recommended, and the Board (except for Mr. Osman Ibrahim (Non-Executive Non-Independent Chairman) who had abstained from deliberation) has approved, that Mr. Osman Ibrahim be appointed as a member of the Board Committees with effect from 23 September 2022.

The Board considers Mr. Osman Ibrahim to be non-independent for the purpose of Rule 704(7) of the Catalist Rules. Nevertheless, each of the Board Committees comprises two (2) other Independent Directors, including the Chairman of the Board Committees. Following the appointment, the composition of the Board Committees shall be as follows:-Audit Committee: Mr. Bote de Vries (Chairman), Mr. Chong Chee Keong Chris, and Mr. Osman Ibrahim.

Nominating Committee: Mr. Chong Chee Keong Chris (Chairman), Mr. Bote de Vries, and Mr. Osman Ibrahim. Remuneration Committee: Mr. Chong Chee Keong Chris (Chairman), Mr. Bote de Vries, and Mr. Osman Ibrahim.