The board of directors of Stamford Tyres Corporation Limited announced the appointment of Ms. Caroline Wee as a non-executive and independent director of the company with effect from 2 September 2022. Ms. Caroline Wee is not related to any existing director or substantial shareholder of the company, including the Wee family. Following her appointment as director, Ms. Caroline Wee will be appointed a member of the audit committee.

With the aforementioned changes, the composition of the board and the audit committee will be as follows: Board of Directors: Mr. Sam Chong Keen (non-executive and independent chairman); Mrs. Dawn Wee Wai Ying (executive director); Dr. Wee Li Ann (executive director); Mr. Leslie Mah Kim Loong (non-executive and independent director); Mr. Kazumichi Mandai (non-executive and independent director); Ms. Caroline Wee (non-executive and independent director). Audit Committee: Mr. Leslie Mah Kim Loong (AC Chairman); Mr. Sam Chong Keen (member); Mr. Kazumichi Mandai (Member); Ms. Caroline Wee (member).