Stamford Tyres Corporation Limited announced the retirement of Leslie Mah Kim Loong as Non-Executive and Independent Director. Reason For Cessation: As part of the Board renewal process, Mr. Leslie Mah Kim Loong will be retiring by rotation pursuant to Regulation 111 of the Constitution of Stamford Tyres Corporation Ltd. ("STCL"). The Board and Management of STCL would like to express their gratitude to Mr. Leslie Mah for his invaluable contributions and guidance to the Board and the Stamford Tyres Group.

Upon his retirement from the Board at the conclusion of the annual general meeting to be held on 31 August 2023, Mr. Leslie Mah will also step down as Chairman of the Audit Committee and a member of both the Remuneration and Nominating Committees.