Yeo Hiap Seng Limited announced the cessation of Edward Averrill Ng Yong Sheng as Alternate Director to Mr. Jonathan James Yong Ze Ng. Reason For Cessation Mr. Edward Averrill Ng Yong Sheng ("Mr. Edward Ng"), the Alternate Director to Mr. Jonathan James Yong Ze Ng ("Mr. Jonathan Ng"), will be appointed as a Non-Independent & Non-Executive Director of Yeo Hiap Seng Limited ("YHS") to take effect on 1 March 2024 and, accordingly, ceased as Alternate Director to Mr. Jonathan Ng on 29 February 2024. Familial RelationShip Mr. Edward Ng is the son of Mr. Ng Chee Tat Philip and nephew of Mr. Ng Chee Siong, beneficiaries of the Estate of the late Ng Teng Fong, a substantial shareholder of YHS.

Mr. Edward Ng is also the grandson of Mdm. Tan Kim Choo who is a substantial shareholder of YHS and the spouse of the late Mr. Ng Teng Fong. Mr. Edward Ng is also the brother of Mr. Jonathan Ng, a Non-Independent and Non-Executive Director of YHS and the cousin of Mr. Ng Win Kong, Daryl, Chairman of YHS.

Mr. Jonathan Ng will retire by rotation at the upcoming Annual General Meeting of YHS on 26 April 2024 ("2024 AGM") and has signified that he is not offering himself for re-election as a Director of YHS at the 2024 AGM. Mr. Jonathan Ng will cease as Director of YHS upon the conclusion of the 2024 AGM. Mr. Edward Ng is a Director of Glory Realty Co.

Private Ltd, Transurban Properties Pte. Ltd. and Far East Spring Pte. Ltd., substantial shareholders of YHS.