The Board of Directors of ASL Marine Holdings Ltd. referred to the announcement dated 27 October 2022 wherein the Company announced the re-designation of Mr. Andre Yeap Poh Leong from a Non-executive and Independent Director to a Non- executive and Non-independent Director of the Company. Following his re-designation, Mr. Andre Yeap Poh Leong relinquished his role as the Chairman of the Nominating Committee (NC). Mr. Tan Sek Khee, a Non-executive and Independent Director of the Company, has been appointed as the Chairman of the NC.

Consequent to the changes, the composition of the Board of Directors, Audit Committee (AC), NC and Remuneration Committee (RC) of the company is as: Board of Directors: Ang Kok Tian (Chairman, Managing Director and Chief Executive Officer); Ang Ah Nui (Deputy Managing Director); Ang Kok Leong (Executive Director); Andre Yeap Poh Leong (Non-executive and Non-independent Director); Hwang Soo Chin (Non-executive and Independent Director) and Tan Sek Khee (Non-executive and Independent Director). AC: Hwang Soo Chin (Chairman, Non-executive and Independent Director); Andre Yeap Poh Leong (Member, Non-executive and Non-independent Director) and Tan Sek Khee (Member, Non-executive and Independent Director). NC: Tan Sek Khee (Chairman, Non-executive and Independent Director); Andre Yeap Poh Leong (Member, Non-executive and Non-independent Director) and Hwang Soo Chin (Member, Non-executive and Independent Director).

RC: Tan Sek Khee (Chairman, Non-executive and Independent Director); Andre Yeap Poh Leong (Member, Non-executive and Non-independent Director); and Hwang Soo Chin (Member, Non-executive and Independent Director).