The board of directors of OxPay Financial Limited refers to the Company's announcements on 24 November 2023 relating to the resignation of Mr. Chee Kheng Hock, Rothschild ("Mr. Chee") as a Non-Executive Independent Director of the Company, and the appointment of Mr. Yee Kee Shian, Leon ("Mr. Yee") as a Non-Executive Independent Director of the Company. Following the resignation of Mr. Chee and the appointment of Mr. Yee, Mr. Yee shall replace Mr. Chee as the Chairman of the Nominating Committee and a member of the Remuneration Committee and Audit Committee of the Company. Accordingly, with effect from 27 November 2023, the Board committees will be reconstituted as follows: Audit Committee: Mr. Chin Chen Keong (Chairman), Mr. Kesavan Nair (Member), Mr. Ng Weng Sui Harry (Member), Mr. Yee Kee Shian, Leon (Member); Nominating Committee: Mr. Yee Kee Shian, Leon (Chairman), Mr. Kesavan Nair (Member), Mr. Shawn Ching Wei Hung (Member); Remuneration Committee: Mr. Kesavan Nair (Chairman), Mr. Ng Weng Sui Harry (Member), Mr. Yee Kee Shian, Leon (Member).

Following the aforesaid, the composition of the Board shall be as follows: Mr. Ching Chiat Kwong (Non-Executive Non-Independent Chairman), Mr. Shawn Ching Wei Hung (Non-Executive Non-Independent Deputy Chairman), Mr. Koh Jin Kit (Managing Director), Mr. Ng Weng Sui Harry (Non-Executive Non-Independent Director), Mr. Kesavan Nair (Non-Executive Lead Independent Director), Mr. Chin Chen Keong (Non-Executive Independent Director), Mr. Yee Kee Shian, Leon (Non-Executive Independent Director).