Redwood Group Ltd. at its 2022 annual general meeting of shareholders held on June 27, 2022 approved board changes. Title, name and nationality of the previous position holder: directo:, Lee-mui Teh, Singapore, director: Khay-pin Neo, Singapore, independent director: Chin-huat Guok, Taiwan. Resume of the previous position holder: director: Lee-mui Teh, Co-founder of Redwood Group Ltd., director: Khay-pin Neo, Executive Vice President of United Overseas Bank, independent director: Chin-huat Guok - Director of Campbelltown Asia Pte Ltd. Title, name and nationality of the new position holder: director: Jun-wei Soh, Singapore, Independent director: Yu-chun Hsiao, Taiwan.

Resume of the new position holder: director: Jun-wei Soh,Operations executive of Redwood Interior Pte Ltd., independent director: Yu-chun Hsiao - Private financial advisor. Reason for the change: Full re-election upon expiration of term. Effective date of the new appointment is June 27, 2022.