PNE Industries Ltd. announced retirement of Tan Kong Heng as Chairman of the Board and Non-Executive Director at the Annual General Meeting and ceased to be a member of the Nominating and Remuneration Committee. As part of the Board renewal process, Mr. Tan Kong Heng will be retiring by rotation pursuant to Regulation 93 of the Constitution of PNE Industries Ltd. (PNE). The Board and Management of PNE would like to express their gratitude to Mr. Tan Kong Heng for his invaluable contributions and guidance to the Board and the PNE Group.

Upon his retirement from the Board at the conclusion of the annual general meeting to be held on 18 January 2024, Mr. Tan Kong Heng will also step down as a member of both the Remuneration and Nominating Committees. Other Directorships Present: Focal Dynamic Sdn Bhd General Leader (M) Sdn Bhd PNE Appliance Controls Pte Ltd. PNE Electric Sdn Bhd PNE Translite Pte Ltd.