The board of directors of PNE Industries Ltd. announced the following changes to the board and board committees: The retirement of Mr. Tan Kong Heng as non-executive chairman of the company and Members of the Nominating and Remuneration Committees with effect from 18 January 2024; The retirement of Mr. Tan Lee Khiang as independent director of the company, chairman of the nominating committee, and as members of audit and remuneration committees with effect from 18 January 2024; and the resignation of Mr. Tan Kwong Soon as non-executive director of the company and as member of the audit committee with effect from 18 January 2024. Following the changes, the composition of the board and board committees of the company shall be reconstituted as follows: Audit Committee: Mr. Lim Meng Wee, Chairman; Mr. Tung Chee Weng, Member; Mr. Wong Tuck Seng, Member; Mr. Wang RenWei, Member. Remuneration Committee: Mr. Tung Chee Weng, Chairman; Mr. Lim Meng Wee, Member; Mr. Wong Tuck Seng, Member; Mr. Wang RenWei, Member.

Nominating Committee: Mr. Wang RenWei, Chairman; Mr. Wong Tuck Seng, Member; Mr. Tung Chee Weng, Member; Mr. Lim Meng Wee, Member.