SP Corporation Limited announced that the appointment of Mr. Cheng Hong Kok ("Mr. Cheng"), an Independent Director of the Company, has been appointed as the Chairman of the Board with effect from 14 June 2022. Mr. Cheng has been re-designated to Chairman of the Audit and Risk Committee with effect from 14 June 2022. Ms Lim Huei Min has been appointed as Chairman of the Remuneration Committee, a member of the Audit and Risk Committee and a member of the Nominating Committee with effect from 14 June 2022.

Mr. Tan Kok Seng has been appointed as a member of the Audit and Risk Committee and a member of the Remuneration Committee of the Company with effect from 14 June 2022. Mr. William Nursalim alias William Liem has been appointed as a member of the Nominating Committee with effect from 14 June 2022. Mr. Leong Kok Ho has retired from the Nominating Committee with effect from 14 June 2022.

Following the foregoing changes, the compositions of the Board, and Board Committees comprise the following: Cheng Hong Kok (Chairman), Leong Kok Ho, Lim Huei Min, Tan Kok Seng as members of the Audit and Risk Committee, Cheng Hong Kok (Chairman), William Nursalim alias William Liem, Lim Huei Min as members of Nominating Committee, Lim Huei Min (Chairman), Cheng Hong Kok, Tan Kok Seng as members of remuneration committee.