CosmoSteel Holdings Limited announced appointment of Yasuhiko Watanabe as Non-Executive Non-Independent Director. Working Experience: Deputy General Manager of Machinery Dept. and Manager of Amusement Rides and Waterpark Equipment Sect.

at Hanwa Co. Ltd. in the Osaka office from April 2013 to March 2014. General Manager of Machinery Dept.

at Hanwa Co. Ltd. in the Osaka office from April 2014 to March 2018. General Manager of Accounting Dept.

at Hanwa Co. Ltd. in the Tokyo office from April 2018 to March 2020. General Manager of Corporate Planning Dept.

at Hanwa Co. Ltd. in the Tokyo office from April 2020 to March 2021. Professional Qualifications: Bachelor of Economics, Chuo University Japan.

The Company announced the cessation of Mr. Shiro Kanaya as Non-Executive Non- Independent Director of the Company effective on 1 November 2023. Following the changes, the composition of the Board and the Board Committees shall be as follows: Board of Directors: Chairman and Non-Executive Non-Independent Director - Tan Siok Chin; Chief Executive Officer and Executive Director - Jack Ong Tong Hai, Non-Executive and Non- Independent Director - Yasuhiko Watanabe; Lead Independent Director: Ong Tiew Siam; Independent Director: Hor Siew Fu; Independent Director: Lim Jun Xiong Steven; Independent Director: Loo Cheng Guan. Audit Committee: Chairman: Ong Tiew Siam; Member: Hor Siew Fu and Member: Tan Siok Chin.

Remuneration Committee: Chairman: Loo Cheng Guan; Member: Lim Jun Xiong Steven and Member: Yasuhiko Watanabe. Nominating Committee: Chairman: Lim Jun Xiong Steven; Member: Ong Tiew Siam and Member: Yasuhiko Watanabe.