Asia Enterprises Holding Limited Announces the Re-Designation of Choo Boon Tiong from Independent Director to Independent Non-Executive Chairman and Appointment as the Chairman of the Remuneration Committee A Member of the Audit Committee and Nominating Committee

Asia Enterprises Holding Limited announced the Re-designation of Mr. Choo Boon Tiong ("Mr Choo") from Independent Director to Independent Non-Executive Chairman and appointment as the Chairman of the Remuneration Committee ("RC"), a member of the Audit Committee ("AC") and Nominating Committee ("NC") with effect from 26 April 2024. Professional Qualifications: Bachelor of Arts, University of Singapore. Board Comments: The NC has reviewed the qualifications and working experience of Mr. Choo and is of the view that Mr. Choo is able to be appointed as the Independent Non-Executive Chairman, the Chairman of the RC, and a member of the AC and NC.

The Board having considered the NC's recommendation, approved the appointment of Mr. Choo as the Independent Non-Executive Chairman, the Chairman of the RC, and a member of the AC and NC of the Company based on his qualifications and work experience. Role And Responsibilities: Non-Executive. Job Title: Independent Non-Executive Chairman, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee.

Working Experience: Kyra Capital Pte Ltd, Director Solve Education Foundation Pte Ltd, Director Goldbell Corporation Pte Ltd, Director Goldbell Financial Services Pte Ltd, Executive Director Bibby Financial Services (S) Pte Ltd, Director Pilgrim Private Debt Fund, Chief Credit Officer Pacific Radiance Ltd, Independent Director Konundra Business Advisory Pte Ltd, Director Cynosure Corporate Services Pte Ltd, Director Tiro Consulting Services Pte Ltd, Director Personnel Link JobHub Pte Ltd, Director Light10 Industries Pte Ltd, Director Karios Food Resources Pte Ltd, Director Fu Yu Corporation Ltd, Executive Vice Chairman Enyorra Private Equity Pte Ltd. (previously known as JI Capital Partners Pte Ltd), Advisor. Other DirectorShips Past: Director, Goldbell Corporation Pte Ltd. Executive Director, Goldbell Financial Services Pte Ltd. Chief Credit Officer, Pilgrim Private Debt Fund Director, Konundra Business Advisory Pte Ltd. Executive Vice Chairman, Fu Yu Corporation Ltd. Other DirectorShips Present: Director, Kyra Capital Pte Ltd. Director, Solve Education Foundation Ltd. Advisor, Enyorra Private Equity Pte Ltd. (previously known as JI Capital Partners Pte Ltd).