Sing Investments & Finance Limited announced that Mr. Kuah Boon Wee has been appointed as Non-Executive and Independent Director of the Company with effect from 27 April 2023. In addition, Mr. Kuah has also been appointed as the Chairman of the Remuneration Committee, and a member of the Audit Committee and Loan Committee. The Board of the Company considers Mr. Kuah to be independent.

Following the retirement of Mr. Chee Jin Kiong as Non-Executive and Independent Chairman of the Board of the Company at the Annual General Meeting held on 26 April 2023, Mr. Michael Lau Hwai Keong, who is currently a Non-Executive and Independent Director of the Company, will be redesignated as Non- Executive and Independent Chairman of the Board of the Company with effect from 27 April 2023. Following the appointment of Mr. Kuah and retirement of Mr. Chee Jin Kiong, the Board of the Company and its committees will comprise the following: Board of Directors: Mr. Michael Lau Hwai Keong (Non-Executive and Independent Chairman), Mr. Lee Sze Leong (Managing Director and Chief Executive Officer), Mr. Lee Sze Siong (Deputy Managing Director), Mr. Joseph Toh Kian Leong (Non-Executive and Independent Director), Ms. Quan Wai Yee (Non-Executive and Independent Director), and Mr. Kuah Boon Wee(Non-Executive and Independent Director). Audit Committee: Mr. Joseph Toh Kian Leong (Chairman), Ms. Quan Wai Yee (Member), and Mr. Kuah Boon Wee (Member).

Remuneration Committee: Mr. Kuah Boon Wee (Chairman), Mr. Michael Lau Hwai Keong (Member), and Ms. Quan Wai Yee (Member). Nominating Committee: Mr. Michael Lau Hwai Keong (Chairman), Mr. Lee Sze Leong (Member), and Mr. Joseph Toh Kian Leong (Member). Risk Management Committee: Mr. Michael Lau Hwai Keong (Chairman), Ms. Quan Wai Yee (Member), Mr. Lee Sze Leong (Member), Mr. Lee Sze Siong (Member), Head, Risk Management (Member), Head, Product Management (Member), Head, Finance (Member), Head, Compliance (Member), and Head, Branches/Treasury (Member).

Loan Committee: Mr. Lee Sze Leong (Chairman), Mr. Lee Sze Siong (Member), Mr. Kuah Boon Wee(Member), Ms. Lim Lee Mei (Member), and Mr. Ron Chua Chee Peng (Member).