The Board of Directors of QAF Limited announced the following: Mr. Philip Yeo Liat Kok will join the Nominating and Remuneration Committees with effect from 1 June 2023 and will step down from the Audit & Risk Committee. Mr. Chee Teck Kwong Patrick will step down from the Remuneration Committee also with effect from 1 June 2023. the compositions of the Board and the Audit & Risk, Nominating and Remuneration Committees are as follows: BOARD OF DIRECTORS: Lam Sing Chung: Chairman (Non-executive, Non-Independent); Philip Yeo Liat Kok: Vice-Chairman (Non-executive, Independent); Lin Kejian: Joint Group Managing Director (Executive, Non-Independent); Michael Darren Hewat: Joint Group Managing Director (Executive, Non-Independent); Ong Wui Leng: Deputy Group Managing Director (Executive, Non-Independent); Dawn Pamela Lum: Director (Non-executive, Independent); Norman Ip: Director (Non-executive, Independent); Chee Teck Kwong Patrick: Director (Non-executive, Independent); Lian Hwee Peng Rebecca: Director (Non-executive, Independent); and Rachel Liem Yuan Fang: Alternate Director to Mr. Lam Sing Chung.

AUDIT & RISK COMMITTEE: Norman Ip: Chairman (Non-executive, Independent); Dawn Pamela Lum: Member (Non-executive, Independent); Chee Teck Kwong Patrick Member: (Non-executive, Independent); and Lian Hwee Peng Rebecca Member: (Non-executive, Independent). NOMINATING COMMITTEE: Dawn Pamela Lum: Chairman (Non-executive, Independent); Lam Sing Chung:Member (Non-executive, Non Independent); and Philip Yeo Liat Kok Member (Non-executive, Independent). REMUNERATION COMMITTEE: Dawn Pamela Lum:Chairman (Non-executive, Independent); Lam Sing Chung: Member (Non-executive, Non-Independent); Philip Yeo Liat Kok: Member (Non-executive, Independent).

The Executive Committee and the Strategic Business Development Committee have been dissolved; and other than as stated above, there are no changes to the other key management personnel of the Company.