The Board of Directors of CFM Holdings Limited announced the following with immediate effect: Mr. Stephen Poh Yong Meng has been appointed as a Non-Executive Independent Director of the Company, a member each of the Audit Committee, the Remuneration Committee and the Nominating Committee of the Company with effect from 13 January 2023. Following the appointment of Mr. Stephen Poh as a Non-Executive Independent Director, the composition of the Board shall be 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; and Mr. Stephen Poh Yong Meng - Independent Director. Audit Committee: Mr. Chia Seng Hee - Chairman; Mr. Teo Kian Huat - Member; and Mr. Stephen Poh Yong Meng – Member.

Nominating Committee: Mr. Teo Kian Huat - Chairman; Mdm Lim Fong Li Janet - Member; Mr. Chia Seng Hee - Member; and Mr. Stephen Poh Yong Meng – Member. Remuneration Committee: Mr. Chia Seng Hee - Chairman; Mr. Teo Kian Huat - Member; and Mr. Stephen Poh Yong Meng – Member. Working Experience of Stephen Poh Yong Meng: Present Volunteer Mediator with Community Mediation Centre Present Friend of Litigant-in-Person of the Court (Community Justice Centre).

Other Directorships Past: Ecolink Pte. Ltd. Liquid Health Pte. Ltd. Grant Sherman Appraisal Advisory Private Limited.

Other Directorships Present: Jack Global Consulting Pte. Ltd. Metro Premium Steel Pte. Ltd. Standard Commerce Services Pte.

Ltd. Appointment Date is January 13, 2023.