Sen Yue Holdings Limited announced that Mr. Limjoco Ross Yu ("Mr. Limjoco") retired as a Director of the Company upon the conclusion of the annual general meeting of the Company held on 30 January 2024 ("AGM"), and did not seek for re-election ("Retirement"). Following the Retirement, Mr. Limjoco ceased to be an Independent Director of the Company, the Chairman of the Audit Committee, and a member of the Nominating Committee and the Remuneration Committee, with effect from 30 January 2024, upon the conclusion of the AGM. Mr. Lim Chong Huat ("Mr. Lim") has been appointed as a Director of the Company with effect from 1 February 2024 ("Appointment").

Following the Appointment, Mr. Lim will also be appointed as the Lead Independent Director, the Chairman of the Audit Committee, and a member of the Nominating Committee and the Remuneration Committee. Consequent to the abovementioned changes, the composition of the Board and the Board Committees of the Company shall be as follows: Board of Directors: Mr. Yap Meng Sing (Executive Chairman) Mr. Lim Chong Huat (Lead Independent Director) Mr. Lau Yan Wai (Independent Director) Mr. Tay Boon Zhuan (Independent Director). Audit Committee Mr. Lim Chong Huat (Chairman) Mr. Lau Yan Wai Mr. Tay Boon Zhuan Nominating Committee Mr. Tay Boon Zhuan (Chairman) Mr. Lim Chong Huat Mr. Lau Yan Wai Remuneration Committee Mr. Lau Yan Wai (Chairman) Mr. Lim Chong Huat Mr. Tay Boon Zhuan.