Thakral Corporation Ltd. announced that Mr. Natarajan Subramaniam, Independent Non-Executive Chairman and Lead Independent Director of the Company will not be seeking re-election at the Company's annual general meeting to be held on 26 April 2024 (the "AGM") as part of the Board renewal process and pursuant to the 9- year tenure for independent directors under the listing rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Mr. Subramaniam will be retiring as a Director of the Company at the conclusion of the AGM and will cease to be the Lead Independent Director and the Chairman of the Company's Audit, Compensation, Nomination and Investment Committees. Mr. Subramaniam has been a Director since November 1995, prior to the Company's listing in December 1995.

The Board would like to put on record its heartfelt gratitude to Mr. Subramaniam for his dedication and steadfast support over the past 28 years. His guidance and clear display of leadership successfully steered the Board and the management to overcome numerous challenges and facilitated the strategic transformation and growth of the Group's businesses. Event Description is Retirement of Mr. Natarajan Subramaniam as the Independent Non-Executive Chairman of Thakral Corporation Ltd. (the "Company", and together with its subsidiaries, the "Group") and cessation as the Lead Independent Director and the Chairman of the Audit Committee, Compensation Committee, Nomination Committee and Investment Committee of the Company.

Other DirectorShips Present includes Thakral Capital Holdings Pte. Ltd., SJ Property Investments Pte. Ltd. and Nihon Property Investments Pte.

Ltd.