Kim Heng Limited Announces Cessation of Ong Sie Hou Raymond as Independent Director, Chairman of the Nominating Committee and Remuneration Committee and Member of the Audit and Risk Committee

Kim Heng Limited announced the cessation of Ong Sie Hou Raymond as Independent Director, Chairman of the Nominating Committee and Remuneration Committee and Member of the Audit and Risk Committee due to Retirement of Mr. Ong Sie Hou Raymond ("Mr. Ong") as Independent Director of the Company following the conclusion of the Annual General Meeting held on 26 April 2023. After having interviewed Mr. Ong, and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Ong as a director of the Company. Other DirectorShips Past: 1. Pegasus Offshore Pte.

Ltd. 2. Pacific Offshore Equipment Pte. Ltd. Other DirectorShips Present: CTLC Law Corporation.