Shanaya Limited announced that Mr. Lee Teong Sang ("Mr Lee") will be retiring as an Independent Director of the Company at the conclusion of the Annual General Meeting to be held on 26 April 2024 as his tenure as independent director has exceeded the 9-year limit set under Catalist Rule 406(3)(d)(iv). Following Mr. Lee's retirement, he will cease to be Chairman of the Audit Committee and Member of the Nominating Committee and Remuneration Committee. After having interviewed Mr. Lee and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte.

Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation for Mr. Lee. Role And Responsibilities: Independent Director, AC Chairman, NC Member and RC Member. Job Title: Independent Director, AC Chairman, NC Member and RC Member.