The Straits Trading Company Limited announced the following changes to the Board of Directors and Remuneration Committee: Retirement of Tan Tiong Cheng as an Independent and Non-Executive Director and the Chairman of the Remuneration Committee with effect from June 30, 2022. Tan is retiring as a Director to facilitate board renewal as he has served as an Independent Director for nine years; the appointment of Mr. Lau Cheng Soon as Independent and Non-Executive Director and Chairman of the Remuneration Committee with effect from 1 July 2022. Following the above changes, the composition of the Board of Directors and Remuneration Committee shall be as follows: BOARD OF DIRECTORS: Chew Gek Khim- Executive Chairman; Chew Gek Hiang- Non-Independent and Non-Executive Director; Goh Kay Yong David- Non-Independent and Non-Executive Director; Chia Chee Ming, Timothy- Lead Independent Director; Tan Chian Khong- Independent and Non-Executive Director; Chua Tian Chu- Independent and Non-Executive Director; Lau Cheng Soon- Independent and Non-Executive Director.

REMUNERATION COMMITTEE: Lau Cheng Soon- Chairman; Goh Kay Yong David- Member and Chua Tian Chu- Member. Lau Cheng Soon's Working Experience includes 2006 - March 2021 Managing Director for Invesco Real Estate, Asia Pacific Mr. Lau has extensive experience in senior management roles in the Asia Pacific real estate investment business and has been actively involved in planning, capital raising, developing, managing and marketing numerous real estate investment and development projects across major markets. Other DirectorShips Past: Directorships i. Invesco Real Estate Investment Asia Pacific Limited Singapore Branch ii.

Singapore Invest Australia Koala Pte. Ltd. (Dissolved) iii. Tosca Holdings 1 Pte.

Ltd. Principal Commitments i. Managing Director for Invesco Real Estate, Head of Asia Pacific. Other DirectorShips Present: Directorships i. UOL Group Limited ii. Pro-invest Australia Hospitality Fund I iii.

Pro-invest Australia Hospitality Fund II iv. Pro-invest Asia Pacific Distressed Hospitality Fund III v. Straits Real Estate Pte. Ltd. Principal Commitments Nil.

Director Experience Details: Mr. Lau is currently an Independent and Non-Executive of UOL Group Limited. Professional Qualifications: i. Bachelor of Science, Oregon State University ii. Master of Business Administration, University of Chicago - Booth School of Business.