The Board of Directors of Ralco Corporation Berhad announced that with effect from 31 March 2023, Mr. Law Doung Chin will be re-designated from Independent Non-Executive Director to Non-Independent Non-Executive Director of the Company (to comply with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad which has restricted the tenure of an Independent Non-Executive Director to a period of 12 years) and will cease to be a member of the Audit Committee of the Company. Effective 31 March 2023, Ms. Lau Wai Ching (Independent Non-Executive Director) will be appointed as a member of the Audit Committee of the Company. Following the above changes, the composition of the Board and AC of the Company with effect from 31 March 2023 will be as follows: Board of Directors: Dato' Chong Kim Fatt - Chairman and Independent Non-Executive Director, Mr. Tan Heng Ta - Managing Director, Mr. Heng Chee Wei- Senior Independent and Non-Executive Director, Mr. Law Doung Chin - Non-Independent Non-Executive Director, Mr. Ang Seng Wong - Independent Non-Executive Director, Ms. Lau Wai Ching - Independent Non-Executive Director Audit Committee: Mr. Ang Seng Wong - Chairman, Mr. Heng Chee Wei - Member, Ms. Lau Wai Ching – Member.