The Board of Directors (the "Board") of Natural Cool Holdings Limited refer to the announcement dated 3 February 2023 concerning the retirement of Mr. Goh Teck Sia ("Mr Goh") as Director of the Company at the conclusion of the Company's Annual General Meeting ("AGM") held on 27 April 2023. Following his retirement, Mr. Goh had relinquished his position as the Chairman of the Board and Remuneration Committee, as well as member of the Audit and Risk Committee and the Nominating Committee. The Board announce that Mr. Tran Phuoc has been appointed as the Acting Chairman of the Remuneration Committee, whilst still deliberating on the appropriate person to heed the position of the Chairman of the Board and Remuneration Committee.

Upon confirmation of the foregoing, the Company will announce in due course. Accordingly, with retrospective effect on 27 April 2023, the composition of the Board and Board Committees shall be as follows: Board of Directors: Mr. Tsng Joo Peng - Executive Director and Group Chief Executive Officer, Mr. Choy Bing Choong - Executive Director and Group Chief Operating Officer, Ms Lau Lee Hua - Independent Non-Executive Director, Mr. Tan Siew Bin Ronnie - Independent Non-Executive Director, Mr. Tran Phuoc - Independent Non-Executive Director. Audit and Risk Committee: Ms Lau Lee Hua - Chairman, Mr. Tan Siew Bin Ronnie - Member, Mr. Tran Phuoc - Member.

Remuneration Committee: Mr. Tran Phuoc - Acting Chairman, Ms Lau Lee Hua - Member, Mr. Tan Siew Bin Ronnie - Member. Nominating Committee: Mr. Tan Siew Bin Ronnie - Chairman, Ms Lau Lee Hua - Member, Mr. Tran Phuoc - Member.