ZICO Holdings Inc. announced that Dr. Veerinderjeet Singh A/L Tejwant Singhwas appointed as an Independent Director of the Company on 8 April 2024 and was re-elected on 27 April 2024 at the Annual General Meeting. The Board of the Company has accepted the recommendation of the Nominating Committee to re-designate Dr. Veerinderjeet as the Chairman of Audit and Risk Committee of the Company, having considered his educational background, professional qualifications, extensive working experience as well as his commitment to the role and time for the Company. Dr. Veerinderjeet has abstained from the deliberation of the Nominating Committee as well as that of the Board in relation to his re-designation.

Role And Responsibilities: Non-Executive. Job Title: Independent Chairman Chairman of Audit and Risk Committee Member of Nominating Committee Member of Remuneration Committee. Working Experience: March 2024 to current - Director, MARC Data Sdn.

Bhd. April 2022 to current - Director, ICC Malaysia Berhad June 2017 to current - Independent Non-Executive Director, AmBank (M) Berhad April 2017 to current - Malaysian Rating Corporation Berhad March 2024 to current - Senior Adviser on Tax Policy, KPMG Malaysia January 2018 to January 2024 - Non-Executive Chairman, Taxand Malaysia Sdn Bhd (now known as Tricor Taxand Sdn Bhd) January 2012 to December 2017 - Executive Chairman, Taxand Malaysia Sdn Bhd (now known as Tricor Taxand Sdn Bhd) May 2020 to February 2024 - Non-Executive Chairman, Tricor Services (Malaysia) Sdn Bhd August 2015 to January 2018 - Executive Chairman, Axelasia Inc. (now known as Axington Inc.) January 2018 to July 2020 - Non-Executive Chairman, Axelasia Inc. (now known as Axington Inc.) June 2017 to February 2024 - Senior Independent Non-Executive Director, UMW Holdings Berhad May 2014 to May 2017 - Independent Director, The Bank of Nova Scotia Berhad December 2020 to February 2024 - Chairman, MARC Ratings Berhad Dr. Veerinderjeet is also presently: - - Executive Committee and Council Member, MICPA - Executive Committee Member, International Fiscal Association (Malaysia Branch) - Board of Trustees, International Bureau of Fiscal Documentation, based in Amsterdam - Vice Chair, Commission on Taxation, International Chamber of Commerce, based in Paris - Adjunct Professor, Monash University, Malaysia - Member and Past Chairman, Monash School Industry Board. Other DirectorShips Present: March 2024 to current - Director, MARC Data Sdn.

Bhd. April 2022 to current - Director, ICC Malaysia Berhad June 2017 to current - Independent Non-Executive Director, AmBank (M) Berhad April 2017 to current - Malaysian Rating Corporation Berhad March 2024 to current - Senior Adviser on Tax Policy, KPMG Malaysia. Director Experience Details: August 2015 to 31 December 2017 - Executive Chairman, Axelasia Inc. (now known as Axington Inc.) Jan 2018 to 14 July 2020 - Non-Executive Chairman, Axcelasia Inc. (now known as Axington Inc.).

Professional Qualifications: Independent Chairman of Audit and Risk Committee Member of Nominating Committee Member of Remuneration Committee Reason for director to not undergo training: The Nominating Committee of the Company, taking into account Dr. Veerinderjeet's prior experience in Catalist-listed company and his directorship in public listed company, is of the view that Dr. Veerinderjeet Singh does not require to undergo the training as prescribed under Rule 406(3)(a) of the Catalist Rules. Appointment date: April 8, 2024.