The Board of Directors of Valuetronics Holdings Limited announced the following changes to the Board and Board Committees, with effect from 21 November 2022, as part of the Board renewal process: The resignation of Mr. Ong Tiew Siam as an Independent Director of the Company. Accordingly, Mr. Ong has ceased as the Lead Independent Director, the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee. The appointment of Ms. Tan Siok Chin (an existing Independent Director) as the Lead Independent Director, in place of Mr. Ong Tiew Siam.

The appointment of Mr. Liu Chung Mun Wilson (an existing Independent Director who is a member of the Audit Committee) as the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee, in place of Mr. Ong Tiew Siam. Accordingly, the Board, Audit Committee, Nominating Committee and Remuneration Committee shall comprise: Board- Tse Chong Hing (Chairman and Managing Director)- Chow Kok Kit (Executive Director)- Tan Siok Chin (Lead Independent Director)- Liu Chung Mun Wilson (Independent Director)- Loo Cheng Guan (Independent Director). Audit Committee - Liu Chung Mun Wilson (Chairman) - Loo Cheng Guan - Tan Siok Chin.

Nominating Committee - Loo Cheng Guan (Chairman) - Liu Chung Mun Wilson - Tan Siok Chin. Remuneration Committee - Tan Siok Chin (Chairman) - Liu Chung Mun Wilson - Loo Cheng Guan.