The Board of Directors of Chip Eng Seng Corporation Ltd. announced that Mr. Yam Ah Mee has been re-designated from Non-Executive and Non-Independent Director of the Company to Executive Director of the Company with effect from 4 July 2022. Mr. Yam has been the Company's Non-Executive and Non-Independent Director since 12 December 2019. He is concurrently a director of the Company's wholly-owned subsidiary, CES_SDC Pte.

Ltd., following the acquisition of such company from Sembawang Corporation Limited (a wholly-owned subsidiary of Sembcorp Industries Ltd.) in December 2019. During Mr. Yam's tenure as the Company's Non-Executive and Non-Independent Director, he has provided valuable insight and guidance to the Board, particularly on creating synergy and efficiency across the Group's different construction business segments. The Nominating Committee and the Board have considered that Mr. Yam's qualifications, experience and track record would make him a suitable candidate to be part of the Company's executive leadership team and to oversee the Group's construction business division in an executive capacity.

The Board is further of the view that Mr. Yam, in his re-designated role, will be instrumental in the Group's plans to expand its construction business division and enhance the capabilities of this division. In addition, Mr. Yam's previous working experience in public service and in a publicly listed group will be relevant to the Group in upholding its corporate governance standards.