Jumbo Group Limited proposed Mdm. Tan Yong Chuan, Jacqueline will not be seeking re-election and will retire as Director of the Company on 19 January 2024 at the close of the AGM. Upon the retirement of Mdm.

Tan Yong Chuan, Jacqueline as a Director of the Company, she will cease to be an Executive Director of the Company. Mdm. Tan Yong Chuan, Jacqueline will remain as a director of various subsidiaries of the Company.

Dr. Lim Boh Soon will not be seeking re-election and will retire as Director of the Company on 19 January 2024 at the close of the AGM. Upon the retirement of Dr. Lim Boh Soon as a Director of the Company, he will cease to be an Independent Director of the Company and will relinquish his position as Chairman of the Nominating Committee and Investment Committee and as a member of the Audit Committee and Remuneration Committee. The Board is cognizant of the requirements of Rule 704(7) of the Catalist Rules and is in the midst of finding a new Independent Director.

The Company will release the announcement regarding the appointment of the new Independent Director in due course. Mr. Richard Tan Kheng Swee will not be seeking re-election and will retire as Director of the Company on 19 January 2024 at the close of the AGM. Upon the retirement of Mr. Richard Tan Kheng Swee as a Director of the Company, he will cease to be an Independent Director of the Company and will relinquish his position as Chairman of the Remuneration Committee and as a member of the Audit Committee, Nominating Committee, and Investment Committee.

The Board is cognizant of the requirements of Rule 704(7) of the Catalist Rules and is in the midst of finding a new Independent Director. The Company will release the announcement regarding the appointment of the new Independent Director in due course.