The board of directors of Tingyi (Cayman Islands) Holding Corp. announced the following changes to the Board with effect from 17 April 2024. Mr. Hiromu Fukada ("Mr. Fukada") has resigned as independent non-executive director, and member of each of the Audit Committee and the Remuneration and Nomination Committee with effect from 17 April 2024 to allow himself more time to devote to his other endeavours.

The Board announces the appointment of Mr. Masaya Tochio as an independent non-executive director and a member of each of the Audit Committee and the Remuneration and Nomination Committee with effect from 17 April 2024. Mr. Masaya Tochio ("Mr. Tochio"), aged 64, has more than 40 years of working experience in the global food industry. Mr. Tochio joined Ajinomoto Co.

Inc. in April 1983 and had worked there until June 2023. He served various positions in its Overseas Business and Corporate Division as GM of Overseas Food and Seasoning Department, President of Ajinomoto Frozen Foods Thailand, Director of Corporate Planning Division, Representative Director and Corporate Senior Vice President. He was Director and member of the Standing Audit Committee when the company performed cooperate governance reform in 2021.

Mr. Tochio graduated from the Faculty of Commerce, Waseda University in 1983.