KOP Limited announced Dr. Ho Kah Leong @ Ho Kah Leung ("Dr. Ho") will retire as Independent Director of the Company with effect from 30 June 2023. Upon the retirement, Dr. Ho will step down from his positions as Chairman of Remuneration Committee, member of Audit and Risk Committee and Nominating Committee. Mr. Jimmy Yim Wing Kuen ("Mr. Yim") will be appointed as Independent Director of the Company with effect from 1 July 2023.

Following his appointment to the Board, Mr. Yim shall also be appointed as Chairman of Remuneration Committee, member of Audit and Risk Committee and Nominating Committee. The Board has considered that Mr. Yim is independent for the purpose of Rule 704(7) of the Catalist Rules. Accordingly, the Board has approved the appointment of Mr. Yim as Independent Director.

(C) Changes in the Composition of the Board and Board Committees (With Effective from 1 July 2023) Consequent to the abovementioned changes, with effect from 1 July 2023, the composition of the Board and Board Committees of the Company shall be reconstituted as follows: board of Directors: Ms. Ong Chih Ching (Executive Chairman and Executive Director), Ms. Leny Suparman (Group Chief Executive Officer and Executive Director), Mr. Ng Hin Lee (Lead Independent Director), Mrs. Yu-Foo Yee Shoon (Independent Director), Mr. Jimmy Yim Wing Kuen (Independent Director). Audit and Risk Committee: Mr. Ng Hin Lee (Chairman), Mrs. Yu-Foo Yee Shoon Mr. Jimmy Yim Wing Kuen Remuneration Committee Mr. Jimmy Yim Wing Kuen (Chairman) Mr. Ng Hin Lee Mrs. Yu-Foo Yee Shoon Nominating Committee Mrs. Yu-Foo Yee Shoon (Chairman) Mr. Ng Hin Lee Mr. Jimmy Yim Wing Kuen.