The Board of Directors of OUE Limited refers to the announcements dated 31 December 2021 (the "New Appointment Announcements") on the appointment of Dr. Lim Boh Soon and Ms. Goh Min Yen as independent directors to the Board. Following their appointments, the Company announced the following changes to the compositions of the Board and the Board Committees with effect from 1 January 2022: Mr. Sin Boon Ann will be re-designated as a non-executive non-independent director and relinquish his position as lead independent director of the Company. He will cease to be a member of the Audit Committee. He will also cease to be the chairman of the Nominating Committee and the Remuneration Committee, but will remain as a member of the Nominating Committee and the Remuneration Committee; Dr. Lim Boh Soon will be appointed as lead independent director of the Company, a member of the Audit Committee, the chairman of the Nominating Committee and the chairman of the Remuneration Committee. Ms. Goh Min Yen will be appointed as a member of the Remuneration Committee and the Nominating Committee; Mr. Christopher James Williams will cease to be a member of the Nominating Committee and the Remuneration Committee; and Mr. Kelvin Lo Kee Wai will cease to be a member of the Nominating Committee and the Remuneration Committee.