Silverlake Axis Ltd. announced that having reviewed the functions of the Nominating Committee ("NC") and the Remuneration Committee ("RC"), the Board has approved the merger of the NC and the RC to form the Nominating and Remuneration Committee ("NRC"). With effect from 27 October 2023, the NC and the RC shall be dissolved, and a new merged Board Committee known as the Nominating and Remuneration Committee will be established for the Company. The functions and responsibilities of the dissolved NC and RC shall be directly undertaken by the NRC.

The composition of the NRC will comprise the following Directors, all of whom are Independent Non-Executive Directors: Mr. Ong Kian Min - Chairman; Datuk Yvonne Chia ? Member; Emeritus Professor Tan Sri Dato' Dr. Chuah Hean Teik - Member. Consequent to the above changes, the Board and Board Committees shall comprise the following seven members from 27 October 2023:- Board of Directors Mr. Goh Peng Ooi - Executive Director (Group Executive Chairman); Ms Goh Shiou Ling - Executive Director (Deputy Executive Chairman); Mr. Chee Chin Leong- Executive Director; Mr. Ong Kian Min - Independent Non-Executive Deputy Chairman and Lead Independent Non-Executive Director; Datuk Yvonne Chia - Independent Non-Executive Director; Mr. Mah Yong Sun - Independent Non-Executive Director; Emeritus Professor Tan Sri Dato' Dr. Chuah Hean Teik - Independent Non-Executive Director.

Audit and Risk Committee: Mr. Mah Yong Sun - Chairman; Mr. Ong Kian Min - Member; Emeritus Professor Tan Sri Dato' Dr. Chuah Hean Teik ? Member. Nominating and Remuneration Committee: Mr. Ong Kian Min - Chairman; Datuk Yvonne Chia - Member; Emeritus Professor Tan Sri Dato' Dr. Chuah Hean Teik ?

Member. Strategic Investment Committee: Ms Goh Shiou Ling - Chairman; Datuk Yvonne Chia - Member; Mr. Mah Yong Sun - Member.