First Resources Limited announced the appointment of Yeo Chor Gek as Independent Director and a member of the Audit Committee. Appointment Date: January 1, 2024. As part of the board renewal process, the Nominating Committee (the "NC") has recommended the appointment of Ms Yeo Chor Gek as an Independent Director of the Company.

After reviewing the recommendation of the NC and Ms Yeo's credentials and experience (as set out below), the Board has confirmed Ms Yeo's independence and approved her appointment as an Independent Director of the Company. Consequently, Ms Yeo will also be appointed as a member of the Audit Committee. Ms Yeo is the Vice President in UPS for Strategic Partnership globally.

Based in Singapore, Ms Yeo's new assignment that began 01 January 2020, requires her to build a Global Strategic footprint that enables the functioning of a global supply chain connectivity leveraging on UPS products and solutions. This new assignment has global visibility and is currently in motion with great success for both UPS and its partners. Prior to her current appointment, Ms Yeo was the Vice President for Supply Chain in UPS Asia Pacific Region.

Based in Singapore, Ms Yeo was responsible for leading the Supply Chain business units in 29 countries, including the fast-growing territories of Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam. During her stint as Managing Director, UPS Singapore was awarded the UPS Enterprise Excellence Award for being the best business performer among 34 UPS offices in 2002 and years after. Ms Yeo joined UPS in 1988.

In her 34 years with UPS, she has held several leadership positions such as the Vice President of Marketing for UPS Asia Pacific Region responsible for the development and implementation of strategic business plans and marketing activities for the region. Ms Yeo was also the Regional Strategic Quality Manager and was instrumental in transitioning the Asia Pacific operations towards total quality status. Other DirectorShips Past - Singresource Global Pte.

Ltd. - Mapletree Industrial Trust Management Ltd. Other DirectorShips Present: Civil Aviation Authority of Singapore - UPS SCS (Australia) Pty Ltd. - UPS SCS (Australia) Services Pty Ltd. - UPS SCS (Malaysia) Services Sdn Bhd - UPS SCS (Malaysia) Sdn Bhd - UPS SCS (Singapore) Pte. Ltd. - UPS SCS Services (Thailand) Ltd. - Board of Visiting Justices and Board of Inspection of The Prisons - Life Imprisonment Review Board - QED - QED Consulting - Women Aviation International. Director Experience Details Independent Director of Mapletree Industrial Trust Management Ltd. Professional Qualifications MBA (Business Administration), University of Northumbria.