Serial System Ltd. announced appointment of Ng Yong Hwee as Independent Non-Executive Director and member of the Audit Committee and Remuneration Committee. Working Experience- Independent Director, K2 F&B Holdings Limited from June 2021 to present Deputy Chief Executive Officer, Union Gas Holdings Limited from June 2019 to June 2021 Managing Partner, Emerge Venture Hong Kong from October 2016 to March 2019 Managing Partner, Emerge Consulting Singapore from October 2016 to March 2019 Chief Executive Officer, NetLink Trust from October 2014 to April 2016 Chairman, City-OG Gas Energy Services Pte Ltd. from March 2013 to September 2014 Chief Executive Officer, SingSpring Pte Ltd. from October 2011 to September 2014 President and Chief Executive Officer, City Gas Pte Ltd. from April 2006 to September 2014. Professional Qualifications: Bachelor of Arts and Social Sciences, National University of Singapore and Master of Business Administration, University of Warwick, United Kingdom.

Reason for director to not undergo training: Mr. Ng is currently an Independent Director, Chairman of the Remuneration Committee and the Internal Control Committee, and a member of the Audit Commitee and Nomination Committee of K2 F&B Holdings Limited, a company listed on the Hong Kong Exchanges and Clearing Limited. He was the Deputy Chief Executive Officer of Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited for the period from June 2019 to June 2021. Mr. Ng is a Senior Accredited Board Director (Singapore Institute of Directors) and has completed the Listed Company Director and Effective Board leadership programmes by the Singapore Institute of Directors in 2012/2013.

Other DirectorShips Present: Independent Director, K2 F&B Holdings Limited. Other DirectorShips Past: Deputy Chief Executive Officer, Union Gas Holdings Limited. Mr. Ng Yong Hwee ("Mr Ng") has more than thirty years of work experience and more than fifteen years of CEO and Board experience.

He has worked for both global and Asian multinational corporations and Temasek-linked companies such as Esso, BASF, GE and City Gas. He has substantial experience in business development, sales and marketing, mergers and acquisitions, business integration, strategic and corporate planning as well as supply chain. Mr. Ng is also an Independent Director of K2 F&B Holdings Limited, a Company listed on the Hong Kong Exchanges and Clearing Limited.

He was the Deputy Chief Executive Officer of Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited for the period from June 2019 to June 2021. The Nominating Committee having considered Mr. Ng's working experience, credentials and other relevant factors for his appointment as an Independent Non-Executive Director of Serial System Ltd, recommended his appointment to the Board of Directors for consideration.