The Board of Directors (the "Board") of Plato Capital Limited (the "Company") announce the following changes: the retirement of Mr. Michael Kan Yuet Yun PBM ("Mr Kan") as (a) Independent Director of the Company, (b) Chairman of the Audit Committee and (c) a member of the Nominating Committee and Remuneration Committee with effect from 11 March 2023. the appointment of Ms Tay Hwee Pio ("Ms Tay") as Independent Director of the Company with effect from 24 February 2023. Ms Tay shall be appointed as Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee with effect from 11 March 2023.

Following the above changes, the composition of the Board and Board Committees of the Company shall be as follows with effect from 11 March 2023: Mr. Lim Kian Onn: Chairman, Non-Executive & Non-Independent Director, Mr. Gareth Lim Tze Xiang: Alternate Director to Mr. Lim Kian Onn & Chief Executive Officer, Mr. Chong Huai Seng: Independent Director, Ms Tay Hwee Pio: Independent Director, Mr. Navinderjeet Singh A/L Naranjan Singh: Non-Executive & Non-Independent Director. Audit Committee: Ms Tay Hwee Pio: Chairman, Mr. Chong Huai Seng: Member, Mr. Lim Kian Onn: Member. Nominating Committee: Mr. Chong Huai Seng: Chairman, Ms Tay Hwee Pio: Member, Mr. Lim Kian Onn: Member.

Remuneration Committee: Mr. Chong Huai Seng: Chairman, Ms Tay Hwee Pio: Member, Mr. Lim Kian Onn: Member.