The Board of Directors of ICP Ltd. announced the following change in the composition of the Board and relevant Board Committees with effect from 18 October 2023. The Board announced that Mr. Ong Kok Wah ("Mr. Ong") will not be seeking re-election and will retain office until the conclusion of the forthcoming annual general meeting to be held on 18 October 2023. Accordingly, he will retire as an independent director of the Company and step down as the Chairman of the Remuneration Committee and Member of Audit Committee and Nominating Committee.

Other Director Ships Past: Public Company: Polaris Ltd. Private Company: Midscale Hotel Investments Pte. Ltd.; MHI HK 1 Pte. Ltd.; MHI MY 1 Pte.

Ltd.; Travelodge Hotels (Asia) Pte. Ltd. and FM2TV(HQ) Pte. Ltd. Other Director Ships Present: Private Company: GMT Bravo Pte.

Ltd.; GMT Charlie Pte. Ltd.; Mercatus Biomedical Investments Pte. Ltd.; Pellucid Networks Pte.

Ltd.; Purplestream Convergence Pte. Limited; Ascendent Technologies Pte. Ltd. and Fral Ballistics Pte.

Ltd. In view of the above, the composition of the Board and relevant Board Committees with effect from 18 October 2023 are as follows: Board of Directors: Mr. Tan Kok Hiang, Independent Non-Executive Chairman, Mr. Aw Ming-Yao, Marcus Executive Director, Mr. Koh Tien Gui, Independent Director. Audit Committee: Mr. Tan Kok Hiang Chairman, Independent Director, Mr. Koh Tien Gui, Independent Director. Nominating Committee: Mr. Koh Tien Gui, Chairman, Independent Director, Mr. Tan Kok Hiang, Independent Director.

Remuneration Committee: Mr. Koh Tien Gui, Independent Director, Mr. Tan Kok Hiang, Independent Director.