Shen Yao Holdings Limited appointed Yeo Hock Huat as Non-Executive and Non-Independent Director. The Nominating Committee had considered the credentials of Mr. Yeo Hock Huat ("Mr Yeo") and recommended his appointment as Non-Executive Non-Independent Director and Chairman of the Board of the Company. The Board reviewed Mr. Yeo's background, qualifications and experience and is of the view that he will bring valuable experience and insights that would be important to the strategic interests of the Company.

As announced by the Company on 15 September 2023, the Company has entered into a binding memorandum of understanding (the "MOU") with CSF Ventures Pte. Ltd. ("CSFV") whereby CSFV intends to procure investors to invest in the Company on a reasonable endeavour basis. Mr. Yeo holds 84% shares of CSFV through JCS Venture Lab Pte.

Ltd. The appointment is as Non-Executive, Non-Independent Director and Chairman of the Board. Role And Responsibilities: Non-Executive and Non-Independent Director, Member of the AC, NC, RC and Shen Yao Performance Award Committee. Working Experience: 1990 - Present Founder and Chairman of JCS Group 1 June 2010 - Present Founder and Chairman of Mclean Technologies Berhad 10 August 2023 - Present Non-Independent Non-Executive Director of Matex International Limited Active volunteer involved in business, engineering and social community services in the following capacities: Chairman, NUS Business School Chinese Alumni Association (2020 - Present) Chairman, Hong Kah North Constituency Community Committee (2018 - Present) Panelist, Advanced Manufacturing and Engineering Advisory Panel, Ministry of Trade and Industry, Singapore (2017 - Present) Advisor, National Research Foundation, Singapore (2018 - Present) Consultant, NUS Enterprise, Singapore (2015 - Present) First Vice President, NUS Business School Chinese Alumni Association (2015 - 2019).

Director Experience Details: Mr. Yeo was appointed as Non-Independent Non-Executive Director of Matex International Limited on 10 August 2023. He is currently undergoing training on the roles and responsibilities of a director of a listed issuer to meet the mandatory training requirements under the Catalist Rules. Professional Qualifications: Executive MBA, Tsinghua University Executive MBA, National University of Singapore Diploma (Mechanical Engineering in Factory Automation), Ngee Ann Polytechnic.