Hafary Holdings Limited announced the Cessation of Mr. Terrance Tan Kong Hwa as an Independent Non-Executive Director. Role And Responsibilities: Duties as an Independent Director, Chairman of the Nominating Committee and member of Audit Committee and Remuneration Committee on which he has served. Reason For Cessation: Mr. Terrance Tan Kong Hwa (?Terrance Tan?) has served as Independent Director of the Company beyond nine years from the date of his first appointment.

In compliance with the amended Listing Rule 210(5)(d)(iv), which imposed a hard tenure limit for independent directors of nine years, beyond which such directors will no longer be considered independent. Terrance Tan will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting.