Raffles Infrastructure Holdings Limited announced the Cessation of Chay Yiowmin as Lead Independent Director and Chairman of the Audit Committee. Other directorships past: Metech International Limited, Libra Group Limited, Ksenja Pte. Ltd., Voxpace Pte.

Ltd., TSU Investment Pte. Ltd., American Ethane Capital Pte. Ltd., Vanfo Hino Holdings Pte.

Ltd., Nelson G Advisory Pte. Ltd., Vanfoankang Investment Pte. Ltd., Wanlongxingye Holdings Pte.

Ltd., CCA Fund Services Pte. Ltd., Vanbo Investments Pte. Ltd. Other directorships present: United Power Corporation (Singapore) Pte Ltd, Ntegrator Holdings Limited, UMS Holdings Limited, Mary Chia Holdings Limited, Xemaco Group Pte.

Ltd., Basechem Trading Pte. Ltd., Chay Corporate Advisory Pte. Ltd., 8I Holdings Limited, Roxana Shipping Pte.

Ltd., 2YSL Pte. Ltd., Moon Pay Pte. Ltd., Vanbo Management Pte.

Ltd., TomoWork Ltd. Chay Corporate Advisory Sdn. Bhd., Chay Corporate Advisory (HK) Limited. Mr. Chay Yiowmin has resigned in view of the requisition by shareholders to remove Mr. Chay Yiowmin as a Director of the Company.

Mr. Chay Yiowmin feels that he is being hindered in exercising his duties to the shareholders and his obligations to the relevant authorities with the receipt of the requisition letter. Mr. Chay Yiowmin confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation.