Pan Hong Holdings Group Limited announced that Dr Choo Kian Koon will be retiring as a Director of the Company pursuant to Bye-Law 86(1) of the Bye-Laws of the Company at the conclusion of the AGM. Dr Choo Kian Koon has served as an Independent Director of the Company for more than nine years from the date of his first appointment. In the spirit of good corporate governance, Dr Choo Kian Koon is not seeking re-election.

Accordingly, Dr Choo Kian Koon shall also retire as an Independent Director of the Company, chairman of the NC and members of the AC and the RC at the conclusion of the AGM. Concurrently, Mr. Tan Kim Swee Bernard, an incumbent Independent Director of the Company, will be appointed as the Chairman of the NC, and members of the AC and the RC. Other Director Ships Present: Manulife US Real Estate Management Pte.

Ltd. - VestAsia Group Pte. Ltd.