Paramount Corporation Berhad announced redesignation of MISS FOONG PIK YEE, aged 64, from Member of Risk Committee to Chairman of Risk Committee. Directorate: Independent and Non Executive. The company also announced redesignation of Mr. Ong Keng Siew, aged 67, from Chairman of Risk Committee to Member of Risk Committee.

Directorate: Independent and Non Executive. Composition of Risk Committee(Name and Directorate of members after change): 1) Ms. Foong Pik Yee (Chairman), 2) Mr. Ong Keng Siew (Member), 3) Dato' Ong Eng Bin (Member). Date of change is 01 March 2024.

The Board of Directors of Paramount Corporation Berhad has resolved to change the composition of the Board Risk Management Committee (BRMC) with the appointment of Ms. Foong Pik Yee as the Chairman of BRMC to replace Mr. Ong Keng Siew who will relinquish the position but he shall remain as a member of BRMC with effect from 1 March 2024.