OxPay Financial Limited announced the Nominating Committee has recommended the appointment of Mr. Yee Kee Shian, Leon (Mr Yee) as Non-Executive Independent Director of the Company. The board of directors, having considered the Nominating Committee's recommendation and having reviewed and considered the academic and professional qualifications, expertise, work experience and suitability of Mr. Yee, believes that Mr. Yee's experience would be beneficial to the Group and has approved Mr. Yee's appointment as Non-Executive Independent Director of the Company. Following his appointment, Mr. Yee will also be appointed as the Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee.

The Board of Directors considers Mr. Yee to be independent for the purpose of Rule 704(7) of the Catalist Rules. Job Title: Non-Executive Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee. Working Experience: Mar 2017 - Present Chairman of Duane Morris & Selvam LLP Apr.

2013 - Present Managing Director of Duane Morris & Selvam LLP and Selvam LLC Jan 2011 - Apr. 2013 Director with Duane Morris & Selvam LLP Jan 2007 - Apr. 2013 Director with Selvam LLC.

Other Directorships Past: Cambridge RE Assets Fund No. 2 Pte. Ltd. Cambridge RE Assets Fund No.

3 Pte. Ltd. Cambridge RE Assets Fund No. 4 Pte.

Ltd. Cambridge RE Assets Fund No. 5 Pte. Ltd. Cambridge RE Assets Fund No.

7 Pte. Ltd. Char Yong (Dabu) Foundation Limited Pacific Star Development Limited (F.K. A LH Group Limited) Federal International (2000) Ltd. Knightsbridge Auto Pte Ltd. Laura Ashley Holdings Plc LHN Logistics Limited. Other Directorships Present: Selvam LLC FJ Benjamin Holdings Ltd. Cambridge Alliance Capital Pte.

Ltd. Cambridge Alliance Fund No. 1 Pte. Ltd. Christ's College, Cambridge Fund (Singapore) Limited Ladderman Limited Ladderman (HK) Limited Caelius Pte.

Ltd. St. Joseph's Institution Philanthropic Fund For the Lasallian Mission Ltd. Yangzijiang Financial Holding Ltd. Yangzijiang Shipbuilding (Holdings) Ltd. Director Experience Details: Current listed company directorships: F J Benjamin Holdings Ltd. Yangzijiang Financial Holding Ltd. Yangzijiang Shipbuilding (Holdings) Ltd. Previous listed company directorships: Federal International (2000) Ltd. Pacific Star Development Limited Laura Ashley Holdings Plc LHN Logistics Limited. Professional Qualifications: Advocate and Solicitor of the Supreme Court of Singapore Solicitor of England and Wales.

Appointment Date is November 27, 2023.