Hiap Tong Corporation Ltd. announced that to enhance the effectiveness of its board committees, the composition of its Audit Committee and Remuneration Committee will be changed as follows with effect from 15 November 2023: Mr. Tay Seo Long will be appointed as Chairman of the Audit Committee in place of Mr. Choy Bing Choong who will step down as the AC Chairman; Mr. Choy will be appointed as Chairman of the Remuneration Committee in place of Mr. Tay who will step down as the RC Chairman. Mr. Tay will remain as a member of the RC and Mr. Choy will remain as a member of the AC. Following the above changes, the composition of the Board Committees will be as follows: Audit Committee Mr. Tay Seo Long - Chairman Mr. Choy Bing Choong - Member Mr. Tito Shane Isaac - Member Remuneration Committee Mr. Choy Bing Choong - Chairman Mr. Tay Seo Long - Member Mr. Tito Shane Isaac - Member Nominating Committee Mr. Tito Shane Isaac - Chairman Mr. Ong Boon Tat Alvin - Member Mr. Choy Bing Choong - Member Mr. Tay Seo Long - Member.