Federal International (2000) Ltd. announced Mr. Koh Beng Guan, Don ("Mr. Don Koh") be re-designated as the Deputy Group Chief Executive Officer ("Deputy Group CEO") of the Company, with effect from 1 January 2022. Following his re-designation as the Deputy Group CEO and in line with the corporate governance best practices for a stronger element of independence on the Board, Mr. Don Koh will step down as an Executive Director of the Company with effect from 1 January 2022. Mr. Khoo Boo Yeow, Andrew, be appointed as the Chairman of Nominating Committee with effect from 1 January 2022; and Mr. Murali Krishna Ramachandra, be appointed as the Chairman of Remuneration Committee with effect from 1 January 2022.

Mr. Khoo Boo Yeow, Andrew shall cease as the Chairman of the Remuneration Committee and he shall remain as a member of the Remuneration Committee.