The Board of Directors of Progen Holdings Ltd. announced the following changes to take effect from 25 August 2023: the appointment of Mr. Chua Thian Huat ("Mr. Chua") as Independent Director of the Company and a member of the Audit and Risk and Remuneration Committees; the re-designation of Mr. Hu Weisheng, an Independent Director of the Company, as the Chairman of the Audit and Risk and Remuneration Committees; the re-designation of Mr. Lee Ee @ Lee Eng, an Executive and Managing Director of the Company, as the Chairman of Investment Review Committee; and the re-designation of Mr. Chee Wai Pong, an Independent Director of the Company, as the Chairman of the Board of Directors and his appointment as a member of the Investment Review Committee. Following the above changes, the composition of the Board and Board Committees of the Company shall be as follows with effect from 25 August 2023: Board of directors: Mr. Chee Wai Pong- Independent Director and Non-Executive Chairman; Mr. Lee Ee @ Lee Eng- Executive and Managing Director; Mr. Francis Lau Choo Yew- Non-Independent and Non-Executive Director; Mr. Hu Weisheng- Independent and Non-Executive Director; Mr. Chua Thian Huat- Independent and Non-Executive Director. Audit And Risk Committee: Mr. Hu Weisheng- Chairman; Mr. Chee Wai Pong and Mr. Chua Thian Huat as member; Nominating Committee: Mr. Chee Wai Pong- Chairman; Mr. Hu Weisheng and Mr. Lee Ee @ Lee Eng as member; Remuneration Committee: Mr. Hu Weisheng- Chairman; Mr. Chee Wai Pong and Mr. Chua Thian Huat as member.

Investment Review Committee: Mr. Lee Ee @ Lee Eng- Chairman; Mr. Hu Weisheng and Mr. Chee Wai Pong as members. After more than 50 years of experience in the Mechanical & Electrical field of the Built Environment Industry, Mr. Chua has built up a vast network that is valuable to the Group. As an adjudicator accredited by the Construction Adjudicator Accreditation Committee of Singapore Mediation Centre, Mr. Chua has in-depth knowledge and experience in resolving payment disputes that arise in the Built Environment Industry under the Building and Construction Industry Security of Payment Act (Cap 30B), which is also very relevant to the Groups business.

Professional Qualifications: Bachelor of Engineering (Electrical 1966) University of Malaya Registered Professional Engineer Singapore Registered Professional Engineer Malaysia Fellow, Institution of Engineers Singapore Member, Institution of Engineers Malaysia Principal Mediator Singapore Mediation Centre Adjudicator Singapore Mediation Centre. Working Experience: 2021 - Present - Retired 2006 - 2020 - Consultant, Rankine & Hill (S) Pte Ltd.