Alset International Limited announced appointment of Tang Yeng Yuen (Mr Tang) as Independent Non-Executive Director. The Board of Directors of the Company (the "Board") has considered, reviewed and assessed the qualifications, working experience, suitability, independence, character and integrity of Mr. Tang, the ability of Mr. Tang to devote sufficient time and resources to Alset International Limited (the "Company"), the diversity of the Board composition, as well as the recommendations of the Nominating Committee, and as such approved the appointment of Mr. Tang as an Independent Non-Executive Director of the Company. The Board is satisfied that Mr. Tang has the requisite experience and capabilities to assume the responsibilities of an Independent Non-Executive Director of the Company.

Mr. Tang was the Head of Corporate Finance in Hong Leong Finance Limited till 2023. As the Head, he was in charge of the continuing activities undertaken by the continuing sponsor. Hong Leong Finance Limited is the continuing sponsor of the company.

Working Experience: 2011 - 2023 HONG LEONG FINANCE LIMITED - HEAD OF CORPORATE FINANCE. Other Director Ships Past: 2011 to 2023 HONG LEONG FINANCE LIMITED - HEAD OF CORPORATE FINANCE. Reason for director to not undergo training: Notwithstanding the fact that Mr. Tang has no prior experience as a director of a listed company on the Exchange, he is familiar with the roles and responsibilities of independent directors as he had worked in the Listing Department of Singapore Exchange Limited and had been a sponsor for listed Catalist companies for the past 12 years.

Accordingly, the Nominating Committee believes Mr. Tang to possess sufficient relevant experience to dispense with the Mandatory Training as required under Rule 406(3)(a) of the Catalist Rules. For the avoidance of doubt, Mr. Tang has attended the mandatory sustainability training prescribed by the SGX-ST, as required under Rule 720(6) of the Catalist Rules. Effective Date is March 20, 2024.