Oversea-Chinese Banking Corporation Limited announced cessation of Tan Ngiap Joo as Non-executive and Non-independent Director and Member of Audit Committee, effect from 1 October 2022. Mr. Tan Ngiap Joo is a Director of OCBC Bank (Malaysia) Berhad, OCBC Al-Amin Bank Berhad and Gemstone Asset Holdings Pte Ltd. Mr. Tan Ngiap Joo was a Director of China Fishery Group Limited, Mapletree Logistics Trust Management Ltd. and OCBC Management Services Private Limited. Mr. Tan Ngiap Joo is stepping down after having served 9 years.

Following the abovementioned change, the composition of the Audit Committee shall be as follows: Mr. Chua Kim Chiu - Chairman, Ms. Chong Chuan Neo - Member, Mr. Ooi Sang Kuang - Member and Ms. Tan Yen Yen - Member. The audit committee members are Independent Directors of the company except for Mr. Ooi Sang Kuang who is a Non-Independent and Non-Executive Director.