Yangzijiang Shipbuilding (Holdings) Ltd. announced that Mr. Yee Kee Shian, Leon who is a Non-Executive Independent Director of the Company and Member of the Nominating, Remuneration and Audit Committees, will succeed Mr. Teo as Chairman of the Nominating and Remuneration Committees respectively of the Company with effect from 29 September 2022. the Board of the Company considers Mr. Yee to be independent. Consequent to the above mentioned Board changes, the composition of the Board and the Board Committees of the Company are as follows: Board of Directors: Ren Letian - Executive Chairman and Chief Executive Officer.

Chen Timothy Teck Leng @ Chen - Non-Executive Lead Independent. Teck Leng - Director. Yee Kee Shian, Leon - Non-Executive Independent Director.

Liu Hua - Non-Independent Non-Executive Director. Audit Committee: Chen Timothy Teck Leng @ Chen Teck Leng - Chairman. Yee Kee Shian, Leon - Member.

Liu Hua - Member. Nominating Committee: Yee Kee Shian, Leon - Chairman. Chen Timothy Teck Leng @ Chen Teck Leng - Member.

Liu Hua - Member. Remuneration Committee: Yee Kee Shian, Leon - Chairman. Chen Timothy Teck Leng @ Chen Teck Leng - Member.

Liu Hua - Member.