Chuan Holdings Limited at its AGM held on May 27, 2022 approved that With effect from the conclusion of the AGM, (i) each of Mr. Quek and Mr. Lau retired as an executive Director; and (ii) Mr. Chan retired as an independent non-executive Director. Following his retirement, Mr. Chan also ceased to act as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee; Upon approval by the Shareholders at the AGM, Mr. Wong has been appointed as an independent non-executive Director with effect from the conclusion of the AGM; and Mr. Wong has been appointed to act as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from the conclusion of the AGM.