Nippecraft Limited announced with effect from the conclusion of the 2024 AGM: Mr. Chow Wai San, an Independent Non-Executive Director will be replacing Mr. Khoo Song Koon as Chairman of the Board, Chairman of the Audit Committee (AC), as well as a member of both the Nominating Committee (NC) and the Remuneration Committee (RC). Mr. Eddie Foo Toon Ee, an Independent Non-Executive Director will be appointed as Chairman of the NC and member of the AC and RC. Mr. Raymond Lam Kuo Wei, an Independent Non-Executive Director will be appointed as Chairman of the RC and member of the AC and NC.

Consequent to the above changes, the composition of the Board and Board Committees with effect from the conclusion of the 2024 AGM is reconstituted in the following manner: Board of Directors: Chow Wai San, Independent Non-Executive Chairman; Raja Hayat, Executive Director and Chief Executive Officer; Chan Cheng Fei, Executive Director and Chief Financial Officer; Raymond Lam Kuo Wei, Independent Director and Eddie Foo Toon Ee, Independent Director. Audit Committee: Chow Wai San ? Chairman, Raymond Lam Kuo Wei ?

Member and Eddie Foo Toon Ee ? Member. Nominating Committee: Eddie Foo Toon Ee ?

Chairman; Chow Wai San ? Member and Raymond Lam Kuo Wei ? Member.

Remuneration Committee: Raymond Lam Kuo Wei ? Chairman; Chow Wai San ? Member and Eddie Foo Toon Ee ?

Member.