Ocean Sky International Limited announced Ms Tan Min-Li has served more than 9 years on the Board. In line with the Board's renewal process, Ms Tan has decided to step down as Independent and Non-Executive Director and will concurrently cease to be the Chairman of the Remuneration Committee and member of Audit Committee and Nominating Committee of the Company with effect from 30 April 2024, after the conclusion of the forthcoming Annual General Meeting. The Board would like to extend its appreciation to Ms Tan for her invaluable contribution to the Company during her tenure of service.

Based on its enquiries, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Ms Tan as Independent Non-Executive Director of the Company. Other DirectorShips Past: (1) First Mogul Power Holdings Pte. Ltd. (2) Sky Premium International Pte.

Ltd. (3) Mogul Coal Holdings Pte. Ltd. (4) Big Mogul Holdings Pte. Ltd. (5) Hulaan Holdings Pte.

Ltd. (6) Whitelight Ventures Inc. Other DirectorShips Present: (1) Anchun International Holdings Ltd. (2) Union Steel Holdings Limited (3) CNPLaw LLP (Partner) (4) Belle Curve Holdings Pte. Ltd. (5) Plan B Projects Pte. Ltd. (6) GSH Corporation Limited.

Following the cessation of Ms Tan as an Independent Director of the Company, Mr. Chia Boon Kuah, an Independent Director of the Company, will be appointed as Chairman of the Remuneration Committee in place of Ms Tan. Composition of the Board and Board Committees: Subsequent to the abovementioned changes, the composition of the Board and the Board Committees of the Company shall be as follows, with effect from 30 April 2024 after the conclusion of the forthcoming Annual General Meeting: Board of Directors: Mr. Ang Boon Cheow Edward (Executive Chairman and Chief Executive Officer); Mr. Toh David Ka Hock (Independent Non-Executive Director and Lead Independent Director); Mr. Chia Boon Kuah (Independent Non-Executive Director); Mr. Tan Teng Wee (Independent Non-Executive Director). Audit Committee: Mr. Toh David Ka Hock (Chairman); Mr. Chia Boon Kuah (Member); Mr. Tan Teng Wee (Member).

Nominating Committee: Mr. Tan Teng Wee (Chairman); Mr. Toh David Ka Hock (Member); Mr. Chia Boon Kuah (Member); Mr. Ang Boon Cheow Edward (Member). Remuneration Committee: Mr. Chia Boon Kuah (Chairman); Mr. Tan Teng Wee (Member); Mr. Toh David Ka Hock (Member).