The board of directors (the "Board") of Trek 2000 International Ltd. announced the following: (a) Mr. Neo Ban Chuan ("Mr Neo") and Mr. Chay Yee Meng ("Mr Chay") has retired as Independent Director of the Company; and (b) Mr. Khor Peng Soon ("Mr Khor") has retired as Non-Executive Chairman and Non- Independent Director of the Company. (a) Mr. Lun Chee Leong ("Mr Lun") will be appointed as the Lead Independent Director of the Company; and (b) Mr. Christopher Wong Siang Yew ("Mr Wong") will be appointed as an Independent Director of the Company. (a) Mr. Neo has relinquished his position as the Chairman of the Audit and Risk Committee (the "ARC") of the Company following his retirement on 28 April 2023; (b) Mr. Chay has relinquished his position as the Chairman of the Nominating Committee (the "NC") and Remuneration Committee (the "RC") and stepped down as a member of the ARC of the Company respectively following his retirement on 28 April 2023;(c) Mr. Khor has stepped down as a member of the NC and the RC of the Company respectively following his retirement on 28 April 2023.

(d) Mr. Lun will be appointed as the Chairman of the NC, a member of the ARC and RC of the Company respectively following his appointment on 2 May 2023; (e) Mr. Wong will be appointed as a member of the ARC and RC of the Company respectively following his appointment on 2 May 2023; (f) Mr. Tan Joon Yong, Wayne, Deputy Chairman, Executive Director and Group President of the Company, will be re-designated as Executive Chairman and Group President of the Company on 2 May 2023; and (g) Mr. Kwek Swee Heng, Independent Director of the Company, will be appointed as the Chairman of the ARC and RC and a member of the NC of the Company respectively on 2 May 2023.