On July 5, 2022, Alexander D. Henderson, Iain Bratt, Jim Lupkin, and Shemori BoShae Guinn tendered their resignations from the board of directors and from all executive officer positions of Toga Limited . Such resignations were effective as of the close of the Meeting. on July 7, 2022 (Malaysia Time), at a Special Meeting of the stockholders of the company, the stockholders elected Michael Toh Kok Soon, Seow Wen “Stanley” Jun, Chuah Ming Zhe, Chong Sheng Quan, Chung Meng Chow as board of directors.

The following persons were appointed to the audit committee of the Board of Directors: Seow Wen “Stanley” Jun—Chair; Chuah Ming Zhe; Chong Sheng Quan; Chung Meng Chow. The following persons were appointed to the compensation committee of the Board of Directors: Seow Wen “Stanley” Jun; Chuah Ming Zhe—Chair; Chong Sheng Quan; Chung Meng Chow. The following persons were appointed to the nominating and corporate governance committee of the Board of Directors: Seow Wen “Stanley” Jun—Chair; Chuah Ming Zhe; Chong Sheng Quan; Chung Meng Chow Effective July 7, 2022 (Malaysia Time), the board appointed Michael Toh Kok Soon as Chairman of the Board, President, and Treasurer and, Chuah Ming Zhe as Secretary.

Michael Toh Kok Soon, 35: Michael Toh Kok Soon is a current director who previously served as its Chief Executive Officer (“CEO”), President and Chairman of its Board of Directors from 2016 until September 2021. The Board removed Mr. Toh from his positions as CEO, President and Chairman of the Board of Directors in September 2021 in response to, among other things, Mr. Toh declining to participate in Board meetings and attempting to postpone the Company's governance matters until a new Board is installed, in addition to the matters discussed above under the heading “What is the basis for the Board's voting recommendation.” The Board also appointed a Special Committee of the Board, consisting of the independent directors and Mr. Henderson, to handle day-to-day operations in light of the litigation pending against the Company brought by Mr. Toh. Since January 2018, Mr. Toh has also served as the Chief Executive Officer of its wholly owned subsidiary, TOGL Technology.

From February 2015 until February 2018, Mr. Toh served as the Chief Executive Officer and a director of Toga Capital; Mr. Toh ceased being affiliated with Toga Capital when he resigned his positions and sold all of his ownership in the Toga Capital in February 2018 (effective September 18, 2018). Mr. Toh obtained a Bachelor of Engineering Electronics degree in Telecommunications, with distinction, from the Multimedia University in Melaka, Malaysia in 2007. Mr. Toh also received his MBA from Melbourne University and Doctorate from London School of Economics in 2018.

Chuah Ming Zhe is a nominee to serve as a Director of Toga Limited. Beginning in 2018 through the present, Mr. Zhe served as Vice President of a Malaysian charity organization, the Qian Hai International Foundation. From 2018 to 2020, Mr. Zhe served as a marketing executive for a multi-level marketing company specializing in gel-based nutritional products, Agel Enterprises International Sdn.

Bhd. Agel Enterprises was among Toga Limited's large customers as of April 2019 and has held Toga Limited stock since 2019. From 2014 to 2016, Mr. Zhe worked as an assistant manager of a Malaysian-based pub and restaurant operator, Soho Country House Sdn.

Bhd. In 2014, Mr. Zhe earned his bachelor's degree of sports science in sports management from Universiti Malaya in Malaysia.