SHS Holdings Ltd. announced the resignation of Mr. Lee Kuo Chuen as an Independent Director of the Company. Consequent to his resignation as an Independent Director, Mr. Lee will also be vacating his positions as Chairman of the Nominating Committee as well as member of the Audit and Remuneration Committees. The appointment of Mr. Oong Wei Yuan, Ron as an Independent Director of the Company in place of Mr. Lee Kuo Chuen.

Mr. Oong will also be appointed as member of the Audit, Nominating and Remuneration Committees. The appointment of Mr. Lee Gee Aik as Chairman of the Nominating Committee. Following the above changes, the composition of the Board of Directors and Board Committees will be as follows: Board of Directors:- Mr. Teng Choon Kiat (Executive Chairman) Mr. Ng Han Kok, Henry (Executive Director & Group Chief Executive Officer) Mr. Lee Gee Aik (Lead Independent Director) Mr. Oh Eng Bin, Kenneth (Independent Director) Mr. Oong Wei Yuan, Ron (Independent Director).

Audit Committee:- Mr. Lee Gee Aik (Chairman) Mr. Ong Eng Bin, Kenneth (Member) Mr. Oong Wei Yuan, Ron (Member) Remuneration Committee:- Mr. Ong Eng Bin, Kenneth (Chairman) Mr. Lee Gee Aik (Member) Mr. Oong Wei Yuan, Ron (Member).