Vallianz Holdings Limited announced the resignation of Mr. Bote de Vries as the Lead Independent Non-Executive Director, Chairman of the Audit Committee and a member of Nominating Committee and Remuneration Committee of the Company with effect from 4 November 2023. Following the resignation of Mr. de Vries, he has also ceased as the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee of the Company. Following the resignation of Mr. de Vries, he has also ceased as the Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee of the Company.

Consequent to the above, the Board had accepted the following recommendations of the Nominating Committee: Appointment of Mr. Chong Chee Keong Chris ("Mr. Chong"), currently an Independent Non- Executive Director of the Company, as the Lead Independent Non-Executive Director with effect from 4 November 2023; and Appointment of Mr. Kevin Wong Chee Fatt, currently an Independent Non-Executive Director of the Company, as the Chairman of the Audit Committee with effect from 4 November 2023. The appointment of Mr. Chong as the Lead Independent Non-Executive Director is in line with Provision3.3 of the Code of Corporate Governance where the Chairman of the Board is not independent. This appointment also reflects the Company's continuous effort to ensure that good corporate practices are being adopted.

The composition of the Board and Board Committees with effect from 4 November 2023 shall be as follows: The composition of the Board and Board Committees with effect from 4 November 2023 shall be as follows: Board of Directors Mr. Osman Aly Ibrahim Hassanein (Non-Executive Director and Chairman), Mr. Ling Yong Wah (Executive Director and Chief Executive Officer),Mr. Chong Chee Keong Chris (Lead Independent Non-Executive Director) Mr. Kevin Wong Chee Fatt (Independent Non-Executive Director) Audit Committee,Mr. Kevin Wong Chee Fatt (Chairman) Mr. Chong Chee Keong Chris,Mr. Osman Aly Ibrahim Hassanein . Nominating Committee:Mr. Chong Chee Keong Chris (Chairman), Mr. Osman Aly Ibrahim Hassanein, Mr. Kevin Wong Chee Fatt, Remuneration Committee: Mr. Chong Chee Keong Chris (Chairman), Mr. Osman Aly Ibrahim Hassanein,Mr. Kevin Wong Chee Fatt.