The Board of Directors of Sevens Atelier Limited announced the following change with effect from 7 July 2023: Mr. Lawrence Chen Tse Chau ("Mr Chen"), the Lead Independent Director, has been elected by the Board as the Chairman of the Board. Mr. Chen remains as an Independent Director of the Company. The Nominating Committee ("NC") has reviewed and considered Mr. Chen's qualification, working experience, expertise, his past contributions to the Company as Lead Independent Director and is satisfied that Mr. Chen possesses the requisite competencies to assume the position of the Chairman of the Board.

The rationale for appointing Mr. Chen as the Chairman of the Board is to create a clear division of responsibilities between the Chairman and the Chief Executive Officer of the Company so as to ensure an appropriate balance of power, increased accountability, and greater capacity of the Board for independent decision making. Following the above change, the composition of the Board is as follows: Lawrence Chen Tse Chau-Independent Director and Non-Executive Chairman (with effect from 7 July 2023), Jeffrey Hong Eng Leong-Chief Executive Officer and Executive Director, Lim Xiu Fang, Vanessa-Executive Director, Lo Kim Seng-Independent Director. Tan Yew Heng, Terrence-Independent Director.

Consequent to the above change, it is no longer necessary for the Company to have a Lead Independent Director on the Board, a designation previously held by Mr. Chen before the date of this announcement. The compositions of the Audit Committee, Nominating Committee and Remuneration Committee remain unchanged as follows: AUDIT COMMITTEE Lawrence Chen Tse Chau, Chairman, Lo Kim Seng, Tan Yew Heng, Terrence. NOMINATING COMMITTEE: Lo Kim Seng, Chairman, Tan Yew Heng, Terrence, Lawrence Chen Tse Chau.

REMUNERATION COMMITTEE: Tan Yew Heng Terrence, Chairman, Lawrence Chen Tse Chau, Lo Kim Seng.