Mary Chia Holdings Limited has identified Mr. Su Jun Ming as a suitable candidate to take over the role of Group Chief Financial Officer. Mr. Lim Koon Hock (Mr Lim) had separately expressed to the Company his desire to retire from his existing role as Group Chief Financial Officer to pursue his personal interests, and has reached an agreement with the Company for his effective date of retirement to be 30 November 2022. The Company continues to value Mr. Lim's contributions to the Group, and in light of his ability to continue contributing to the Group in different areas including the Company's plan to carry out a re-audit of the fiscal year 2022 financials after the fiscal year 2022 AGM, the Company has agreed with Mr. Lim to appoint him as Advisor effective 1 December 2022.

He will continue to provide assistance and support to the finance department for stability and ensure a smooth and proper transition to the new Group Chief Financial Officer. Board Comments: The Nominating Committee has reviewed the work experience and qualifications of Mr. Su Jun Ming ("Mr Su") and is satisfied that Mr. Su possesses the requisite qualifications and competencies to assume the position as Group Chief Financial Officer. The Board of Directors have approved the recommendation of the Nominating Committee.

Role And Responsibilities: The appointment is executive. Mr. Su Jun Ming will be responsible for overseeing the overall financial and accounting functions of the Group. Working Experience: Mr. Su has more than 15 years of experience holding leadership position in professional chartered accountant firms that specialises mainly in insolvency and restructuring/transactional services, as well as in a multinational auditing firm providing corporate finance advisory services in respect of M&A, independent valuations, fairness opinions, and capital raising exercises in Asia covering a range of industries.

Mr. Su was also formerly a Financial Controller of a company listed on the SGX-ST and is currently the audit committee chairman/lead independent director of a listed company in the Catalist Board SGX. Other DirectorShips Present: 1. Annica Holdings Limited 2. Odeon Cuisines Holdings Pte. Ltd. 3. Gratus Capital Pte.

Ltd. Director Experience Details: Annica Holdings Limited as Chairman of Audit Committee and Lead Independent Director. Professional Qualifications: Chartered Valuer and Appraiser of Singapore (CVA), Singapore ISCA. Chartered Financial Analyst (CFA), CFA Institute.

Bachelor of Accountancy, University of Central Queensland, Australia.