The board of directors of CSC Holdings Limited announced the following changes, with effect from 11 August 2023: The resignation of Mr. Teo Beng Teck as Non-Executive Director of the Company due to health reasons. Accordingly, Mr. Teo will cease to be a member of the Audit Committee, Risk Management Committee and Remuneration Committee. The appointment of Mr. Koo Chung Chong as Executive Director of the Company.

Mr. Koo has been with the Group since 1996 and is currently the Deputy Group Chief Executive Officer, Group Chief Operating Officer, and Chief Sustainability Officer, and he is responsible for the marketing, operational and sustainability matters of the Group. As an Executive Director, Mr. Koo will work closely with the Group Chief Executive Officer on corporate development and strategic planning of the Group. Mr. Koo has 29 years of management experience in foundation engineering industry in both Singapore and regional market.

He also has experience in property development in Malaysia, United Kingdom and Singapore. He was a former Council Member of Singapore Contractor Association (SCAL). He holds a Bachelor degree (Hons) in Engineering (Civil & Structural) from the University of Sheffield, England.

The appointment of Mr. Tan Hup Foi @ Tan Hup Hoi, an Independent Director, as a member of the Risk Management Committee of the Company. Accordingly, with effect from 11 August 2023, the Board, Audit Committee, Risk Management Committee and Remuneration Committee shall comprise: Board: Dr Leong Horn Kee - Independent Director and Chairman, See Yen Tarn - Executive Director and Group Chief Executive Officer, Koo Chung Chong - Executive Director, Deputy Group Chief Executive Officer, Group Chief Operating Officer, and Chief Sustainability Officer, Tan Hup Foi @ Tan Hup Hoi - Independent Director, Ong Tiew Siam - Independent Director and Ng San Tiong - Non-Executive Director. Audit Committee: Ong Tiew Siam - Chairman, Dr Leong Horn Kee - Member, Tan Hup Foi @ Tan Hup Hoi - Member, Ng San Tiong - Member.

Risk Management Committee: Ong Tiew Siam - Chairman, See Yen Tarn - Member and Tan Hup Foi @ Tan Hup Hoi - Member. Remuneration Committee: Tan Hup Foi @ Tan Hup Hoi - Chairman, Dr Leong Horn Kee - Member, Ong Tiew Siam - Member and Ng San Tiong - Member. The composition of the Nominating Committee remains unchanged.