The Board of Directors of First Resources Limited announced the following changes to the Board and Board Committees in line with the Board's succession plans: The resignation of Mr. Ong Beng Kee as an Independent Director of the Company with effect from 31 December 2023. Having served on the Board for an aggregate period of more than 9 years, Mr. Ong Beng Kee's resignation is part of the board renewal process and due to health reason. Consequent to his resignation as an Independent Director, Mr. Ong Beng Kee will relinquish his position as a member of the Audit Committee and Remuneration Committee of the Company.

The appointment of Ms. Yeo Chor Gek as an Independent Director and a member of the Audit Committee with effect from 1 January 2024. The appointment of Ms. Luo Dan as an Independent Director and a member of the Remuneration Committee with effect from 1 January 2024. Audit Committee consists of Mr. Peter Ho Kok Wai (Chairman), Mr. Tan Seow Kheng (Member), Ms. Yeo Chor Gek (Member).

Remuneration Committee consists of Ms. Wong Su Yen (Chairman), Mr. Chang See Hiang (Member), Ms. Luo Dan (Member). The composition of the Nominating Committee remains unchanged as follows: Mr. Chang See Hiang (Chairman), Mr. Ciliandra Fangiono (Member), Ms. Wong Su Yen (Member).