The Board of Directors of Hosen Group Ltd. having considered the Nominating Committee's recommendation and assessment on Mr. Daniel's background, qualifications, experience and commitment is of the view that he has the requisite experience and capabilities to assume the responsibilities as the Chief Executive Officer ("CEO") of the Company. Accordingly, the Board of Directors have approved of Mr. Daniel's appointment as the CEO of the Company. As part of succession planning, Mr. Daniel will assume the role of CEO from Mr. Lim Hai Cheok.

Subsequent to Mr. Daniel's appointment as the CEO, Mr. Lim Hai Cheok will be redesignated from CEO to Executive Director. Mr. Lim Hai Cheok continues to be a member of the Nominating Committee. He is Director of Hosen Group Ltd. and certain of its subsidiaries since 15 March 2004.

Other DirectorShips Past: LaDiva Fine Foods B.V. and Hosen Chocolate Marketing Sdn Bhd. Other DirectorShips Present: Hock Seng Food Pte Ltd., Hock Seng Food (M) Sdn Bhd, Hock Seng Worldwide Sdn Bhd, Hock Seng Food (Shanghai) Co. Ltd., Hosen Chocolate Sdn Bhd and Fortune Melinka Pte Ltd. Mr. Daniel Lim ("Mr Daniel") joined the Group in 1997 and was appointed executive director on 15 March 2004.

He did Bachelor of Science in Business Administration. Appointment date is May 1, 2024.