The Board of Directors of Sunmoon Food Company Limited announced that Mr. Gary Loh Hock Chuan (Mr. Loh) has resigned as Deputy Chairman, Non-Independent and Non-Executive Director of the company with effect from 1 July 2023. Consequent to the changes, the composition of the Board of Directors and Committees shall be reconstituted as follows: Board of Directors: Mr. James Prideaux - Non-Executive Chairman and Lead Independent Director, Mr. Zhang Ye - Executive Director and Chief Executive Officer, Mr. Cen Jian - Executive Director, Ms. Liu YuanYuan - Executive Director and Strategy Director, Ms. Ng Bie Tjin @Djuniarti Intan - Independent Non-Executive Director, Mr. Yuen Pei Lur, Perry - Independent Non-Executive Director, Mr. Wang Bo - Non-Independent Non-Executive Director and Mr. Song XiaoJun - Non-Independent Non-Executive Director. Audit and Risk Committee: Ms. Ng Bie Tjin @Djuniarti Intan - Chairperson, Mr. James Prideaux - Member, Mr. Yuen Pei Lur, Perry - Member, Mr. Wang Bo - Member.

Nominating Committee: Ms. Ng Bie Tjin @Djuniarti Intan - Chairperson, Mr. James Prideaux - Member, Mr. Yuen Pei Lur, Perry - Member, Mr. Zhang Ye - Member and Ms. Liu YuanYuan - Member. Remuneration Committee: Mr. Yuen Pei Lur, Perry - Chairman, Mr. James Prideaux - Member, Ms. Ng Bie Tjin @Djuniarti Intan - Member and Mr. Song XiaoJun - Member. The Company has, under a consulting agreement, appointed Mr. Loh as an Advisor to the Board to provide strategic guidance and advice to the Board in relation to the Company's business.

Mr. Loh is the founder and CEO of DiMuto, a global agrifintech solution digitalizing food supply chains for data visibility and trade financing. To date, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on their platform. Mr. Loh was appointed to the Board as a Non-Independent Director on 15 April 2007, as Deputy Chairman of the Board on 22 May 2007 and as Executive Director and Chairman of the Executive Committee on 1 July 2007 which was dissolved on 5 November 2013.

He was appointed as Executive Chairman of the Board on 7 October 2013. He stepped down as Chairman and was appointed as Deputy Chairman of the Board on 31 August 2017. He was re- designated as Non-Executive Director on 1 April 2019.

Mr. Loh is the Executive Chairman of First Alverstone Capital Ltd. He was the Director of Sales in UOB Kay Hian Pte Ltd. Mr. Loh graduated from the National University of Singapore (NUS) with a Bachelor of Arts (Political Science & Economics) and NUS Business School with a Master in Applied Finance. He also completed Harvard Business School Owner/President Management (OPM) Program.