HL Global Enterprises Limited appointed Goh Ying-Peng Cynthia as an Independent Non-Executive Director ("INED") of the Company after having considered the recommendation of the Nominating Committee ("NC") which reviewed her qualifications and experience in law as well as the Company's board diversity targets. Job Title INED, and a Member of Audit and Risk Committee, NC, Remuneration Committee and HL Global Enterprises Share Option Scheme 2006 Committee, Working Experience January 2005 to Present - Partner, Rajah & Tann Singapore LLP, Other DirectorShips Present Rajah & Tann Singapore LLP (Partner), Professional Qualifications Bachelor of Laws (Hons), London School of Economics and Political Science, University of London Advocate & Solicitor, Supreme Court of Singapore, As Ms Goh has more than twenty years of experience in mergers and acquisitions, corporate finance and capital markets and consistently advises on securities laws and regulations, stock exchange procedure and compliance issues, the NC has assessed that she does not need to undergo training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. That notwithstanding, Ms. Goh has elected to attend the Listed Entity Director Programme on Environmental, Social & Governance (ESG) Essentials, one of the core modules offered by the Singapore Institute of Directors, which delves into the role and responsibilities of the board and directors in sustainability governance.

Date of Appointment of July 1, 2023. Mr. Andrew Goh Kia Teck will be stepping down from the Board with effect from 1 September 2023. Additional information on Mr. Andrew Goh's cessation which is required to be disclosed pursuant to Rule 704(7) of the Listing Manual of SGX-ST.

The following changes to the Board and Board Committees shall take effect from 1 September 2023: Appointment of Mr. Goh Kian Chee as the Lead Independent Director in place of Mr. Andrew Goh. Cessation of Mr. Andrew Goh as chairman /member of the following Board Committees: Chairman of the Audit and Risk Committee; Chairman of the Remuneration Committee; Chairman of the HL Global Enterprises Share Option Scheme 2006; Committee ("SOSC"); Member of the Executive Committee; Member of the NC. Appointment of Mr. Goh Kian Chee as the chairman /member of the following Board Committees: Chairman of the ARC; Chairman of the RC; Member of the Exco.

Appointment of Mr. Chew Heng Ching as the chairman of the NC (in place of Mr. Goh Kian Chee) and SOSC. Appointment of Ms Cynthia Goh as a member of the ARC, NC, RC and SOSC. With the above changes, the composition of the Board and the Board Committees will be as follows with effect from 1 September 2023: Board: Dato' Gan Khai Choon Non-Executive Chairman; Mr. Goh Kian Chee Lead Independent Director; Mr. Hoh Weng Ming Non-Executive Director; Mr. Chew Heng Ching - Independent Non-Executive Director; Ms Cynthia Goh - Independent Non-Executive Director; Exco: Dato' Gan Khai Choon -(Chairman) Non-Executive Director; Mr. Goh Kian Chee - Lead Independent Director; Mr. Hoh Weng Ming - Non-Executive Director.

ARC: Mr. Goh Kian Chee -(Chairman) - Lead Independent Director; Mr. Chew Heng Ching - Independent Non-Executive Director; Ms Cynthia Goh - Independent Non-Executive Director. NC: Mr. Chew Heng Ching - (Chairman) - Independent Non-Executive Director; Mr. Goh Kian Chee - Lead Independent Director; Ms Cynthia Goh - Independent Non-Executive Director. RC: Mr. Goh Kian Chee - (Chairman) Lead Independent Director; Mr. Chew Heng Ching - Independent Non-Executive Director; Ms Cynthia Goh - Independent Non-Executive Director.

SOSC: Mr. Chew Heng Ching - (Chairman) - Independent Non-Executive Director; Mr. Goh Kian Chee - Lead Independent Director; Ms Cynthia Goh - Independent Non-Executive Director.