The Board of Directors of Sin Heng Heavy Machinery Limited announced the following changes to the Board and the respective Board Committees of the Company: Mr. Teo Yi-Dar (Zhang Yida) had resigned as the Non-Executive Non-Independent Chairman of the Company with effect from 26 September 2022. Mr. Leong Wing Kong has been re-designated as an Independent Chairman with effect from 27 September 2022. Mr. Rai Satish will be appointed as an Independent Director of the Company with effect from 27 September 2022.

Following his appointment, Mr. Rai Satish will also be appointed as a member of the Audit and Risk Committee, the Nominating Committee and the Remuneration Committee of the Company. Following the abovementioned changes and with effect from 27 September 2022, the composition of the Board and its Board Committees will be as follows: Leong Wing Kong - Independent Chairman; Tan Ah Lye - Executive Director and Chief Executive Officer; Tan Cheng Kwong (Chen Qingguang) - Executive Director and Deputy Chief Executive Officer; Tan Cheng Guan - Executive Director; Lim Keng Hoe (Lin Qinghe) - Independent Director; and Rai Satish -Independent Director. Audit and Risk Committee: Leong Wing Kong – Chairman; Lim Keng Hoe (Lin Qinghe) – Member; and Rai Satish – Member.

Nominating Committee: Lim Keng Hoe (Lin Qinghe) -Chairman; Leong Wing Kong – Member; and Rai Satish – Member. Remuneration Committee: Lim Keng Hoe (Lin Qinghe) – Chairman; Leong Wing Kong – Member; and Rai Satish – Member.