The Board of Directors of Silverlake Axis Ltd. announced the following change: With effect from 1 June 2024, Datuk Yvonne Chia would have served on the Board of the Company for a continuous period of nine (9) years and would cease to be an independent Director of the Company pursuant to SGX Listing Rule 210(5)(d)(iv). Having considered the recommendation of the Nominating and Remuneration Committee ("NRC"), the Board concurred with the NRC and concluded and approved that Datuk Yvonne Chia has the requisite experience, qualification and competencies to continue to provide insights and support to the Board. As such, Datuk Yvonne Chia will be redesignated as Non-Independent Non- Executive Director of the Company with effect from 1 June 2024 and will continue to be a member of the Strategic Investment Committee and NRC of the Company.

(Datuk Yvonne Chia had abstained from the deliberations and decision of her redesignation). Consequent to the above change, the composition of the Board of the Company shall be as follows with effect from 1 June 2024: Board of Directors, Mr. Goh Peng Ooi - Executive Director (Group Executive Chairman), Ms. Goh Shiou Ling - Executive Director (Deputy Executive Chairman), Mr. Chee Chin Leong- Executive Director, Mr. Ong Kian Min- Independent Deputy Non-Executive Chairman and Lead Independent Non-Executive Director Datuk Yvonne Chia - Non-Independent Non-Executive Director, Mr. Mah Yong Sun - Independent Non-Executive Director, Emeritus Professor Tan Sri Dato' Seri - Independent Non-Executive Director, Dr. Chuah Hean Teik. Audit and Risk Committee: Mr. Mah Yong Sun - Chairman, Mr. Ong Kian Min - Member, Emeritus Professor Tan Sri Dato' Seri - Member Dr. Chuah Hean Teik.

Nominating and Remuneration Committee: Mr. Ong Kian Min - Chairman, Datuk Yvonne Chia - Member, Emeritus Professor Tan Sri Dato' Seri - Member, Dr. Chuah Hean Teik. Strategic Investment Committee: Ms, Goh Shiou Ling - Chairman, Datuk Yvonne Chia - Member, Mr. Mah Yong Sun - Member.