The Board of Directors of Multi-Chem Limited announced that Mr. Foo Maw Shen will retire as Independent Non-Executive Director of the Company at the Annual General Meeting to be held on 30 April 2024. Following his retirement, Mr. Foo Maw Shen will cease as a member of the Audit and Risk Management Committee (?ARMC?), Remuneration Committee (?RC?) and Nominating Committee (?NC?) of the Company with effect from 30 April 2024. Role And Responsibilities: Fulfill responsibilities of Independent Non-Executive Director and member of the Audit and Risk Management Committee, Remuneration Committee and Nominating Committee of the Company.

Job Title: Independent Non-Executive Director, member of the ARMC, RC and NC of the Company. Other DirectorShips Past: Sakae Holdings Ltd. (resigned on 16 October 2019) Senior Partner of Dentons Rodyk & Davidson LLP (from Year 2007 to Year 2021). Other DirectorShips Present: Managing Director of FC Legal Asia LLC.

Reason For Cessation: Mr. Foo Maw Shen has been appointed as a Director for more than 9 years. As part of the board renewal process, he will retire at the forthcoming Annual General Meeting in accordance with Rule 210(5)(d)(iv) of the Listing Manual.