CFM Holdings Limited announce the following with immediate effect: Mr. Lo Kim Seng ("Mr. Lo") will be retiring as an Independent Director of the Company at the conclusion of the Annual General Meeting on 28 October 2022. Mr. Teo Kian Huat ("Mr. Teo") has been re-designated as the Chairman of the Nominating Committee at the conclusion of the Annual General Meeting on 28 October 2022. Consequent to Mr. Lo's retirement as an Independent Director of the Company and the re- designation of Mr. Teo, the composition of the Board shall be revised, at the conclusion of the Annual General Meeting on 28 October 2022, as follows:- Board of Directors:- Mr. Ip Kwok Wing - Executive Chairman, Mdm Lim Fong Li Janet - Executive Director and Chief Executive Officer, Mr. Chia Seng Hee - Lead Independent Director, Mr. Teo Kian Huat - Independent Director.

Audit Committee a:- Mr. Chia Seng Hee - Chairman, Mr. Teo Kian Huat - Member. Nominating Committee:- Mr. Teo Kian Huat - Chairman. Mdm Lim Fong Li Janet - Member.

Mr. Chia Seng Hee - Member. Remuneration Committee:- Mr. Chia Seng Hee - Chairman, Mr. Teo Kian Huat - Member.