Eindec Corporation Limited announced the appointment of Mr. Ong Kian Guan ("Mr. Ong") as an Independent Director was recommended by the Nominating Committee and approved by the Board of Directors of the Company (the "Board"), after taking into consideration Mr. Ong's credentials, qualifications and work experience in audit, accounting and financial matters, as well as leadership roles. Following his appointment as an Independent Director of the Company, Mr. Ong will also be appointed as Chairman of the Audit Committee ("AC"), as well as a member of the Nominating Committee ("NC") and the Remuneration Committee ("RC"). Mr. Ong working experience includes: September 2019 to present: Baker Tilly TFW LLP, Managing Partner; October 2005 to present: Baker Tilly TFW LLP, Head of Capital Market.

The appointment date is April 23, 2022.