The Straits Trading Company Limited announced that Mr. Chia Chee Ming, Timothy, will be retiring pursuant to Regulation 99 of the Company's Constitution and he will not be seeking re-election at this Annual General Meeting. Upon the retirement of Mr. Chia Chee Ming, Timothy as a Lead Independent Director of the Company at the conclusion of this Annual General Meeting to be held on 28 April 2023, Mr. Chia Chee Ming, Timothy will concurrently cease to be the Chairman of Nominating Committee and a member of the Audit and Risk Committee).