Kuchai Development Berhad announced the Cessation of Mr. Tay Beng Chai, aged 62 as Independent and Non Executive Member of Risk Committee of the company with effect from May 31, 2023. Composition of Risk Committee(Name and Directorate of members after change): Chew Khat Khiam Albert - Independent Non-Executive Chairman (Chairman); Wun Mow Sang - Independent Non-Executive Director (Member). Mr. Tay Beng Chai resigns from the Board with effect from 31 May 2023.

The Board will do the necessary to fill the vacancy in Risk Management Committee in due course. The Risk Committee of the Company is known as Risk Management Committee.