Forise International Limited announces redesignation of Heng Chee Song Peter as Chairman of Remuneration Committee effective May 22, 2023. Board Comments: Mr. Heng, who is currently an existing Independent Non-executive Director of the Company and member of the Audit Committee, Remuneration Committee and Nominating Committee, will be redesignated as the Chairman of the Remuneration Committee with effect from 22 May 2023. He will continue to be a member of the Audit Committee and Nominating Committee.

The Board of Directors of the Company, having reviewed and considered his qualifications and experience, and worked with him since his initial appointment on 27 April 2023, approves his redesignation as Chairman of the Remuneration Committee. Job Title: Independent Non-Executive Director Chairman of the Remuneration Committee. Member of the Audit Committee and Nominating Committee.

Working Experience: Nov. 2006 to Apr. 2016 -- Vice President, Technical.

Seacastle Singapore Pte Ltd. May 2016 to Apr. 2018 -- Executive Vice President. Meratus Line, Surabaya and Banjarmasin Apr.

2018 to Nov. 2019 - General Manager, Technical. Meratus Advance Maritim, Jakarta, Surabaya and Banjarmasin, Indonesia Oct.

2020 to Oct. 2021 -- Technical Director, Integrated Maritime Management Pte Ltd, Singapore. Other DirectorShips Past: Apr.

2018 to Nov. 2019 -- General Manager, Technical. Meratus Advance Maritim, Jakarta, Surabaya and Banjarmasin, Indonesia Oct.

2020 to Oct. 2021 -- Technical Director, Integrated Maritime Management Pte Ltd, Singapore. Professional Qualifications: Fellow, Society of Naval Architects and Marine Engineers, Singapore (SNAMES) Certificate of Competency, 1st Class (Motor) Engineer and 2nd Class (Motor) Engineer, Department of Trade and Industry, Singapore Marine Department.