The Board of Directors of New Hoong Fatt Holdings Berhad announceD that the Board has approved the renaming of the Audit Committee as the Audit and Risk Management Committee (“ARMC”) with immediate effect. The composition of the ARMC is as follows: Chairman: Mr. Ng Chee Kiet (Independent Non-Executive Director), Members: Mr. Chia Swee Yuen (Independent Non-Executive Director), Mr. Oei Kok Eong (Senior Independent Non-Executive Director), This announcement is dated 25 May 2023.