The Board of Directors (the "Board") of Southern Archipelago Ltd. announced the following changes: Re-designation of Mr. Siaw Lu Howe as Independent Director: Mr. Siaw Lu Howe ("Mr. Siaw") was appointed to the Board as interim CEO and Executive Chairman on 6 December 2017. Mr. Siaw then resigned as interim CEO and Executive Chairman and was re-designated to Non-Executive Chairman on 17 April 2019. Mr. Siaw will be re-designated as Independent Director and remains as Non-Executive Chairman of the Board effective on 25 April 2024.

Following the re-designation of Mr. Siaw, he has also been appointed as the Chairman of the Nomination Committee, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Environmental, Social and Governance Committee with effect from 25 April 2024. Re-designation of Mr. Tan Gim Kang, Arran as a Non-Independent Non-Executive Director: Mr. Tan Gim Kang, Arran ("Mr. Tan") was first appointed to the Board as an Independent Non-Executive Director on 30 May 2014. Mr. Tan, who was re-elected as a Director at the Company's annual general meeting held on 25 April 2024 ("AGM"), has been re-designated as a Non-Independent Non-Executive Director on 25 April 2024 according to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual.

Following the re-designation of Mr. Tan as a Non-Independent Non-Executive Director, Mr. Tan has ceased to be the Chairman of the Nominating Committee and the Environment, Social and Governance Committee and he has also ceased to be a member of the Remuneration Committee. Mr. Tan remains as a member of the Audit Committee and the Environmental, Social and Governance Committee. Re-designation of Mr. Aris Muhammad Rizal as a Non-Independent Non-Executive Director: Mr. Aris Muhammad Rizal ("Mr. Aris") was first appointed to the Board as an Independent Non-Executive Director on 10 October 2014.

Mr. Aris, who was re-elected as a Director at the Company's AGM, has been re-designated as a Non-Independent Non-Executive Director on 25 April 2024 according to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual. Following the re-designation of Mr. Aris as a Non-Independent Non-Executive Director, Mr. Aris has ceased to be a member of the Audit Committee and the Environment, Social and Governance Committee. Mr. Aris remains as a member of the Nominating Committee and the Remuneration Committee.

Changes to the Board Committees: Following the above changes, the composition of the Board Committees will be as follows with effect from 25 April 2024: Board of Directors: Siaw Lu Howe (Independent Director and Non-Executive Chairman), Alan Chin Yu (Executive Director), John Lee Yow Meng (Executive Director and Chief Financial Officer), Ng Keok Chai (Lead Independent Director), Tan Gim Kang, Arran (Non-independent Non-Executive Director), and Aris Muhammad Rizal (Non-independent Non-Executive Director). Audit Committee: Ng Keok Chai (Chairman), Tan Gim Kang, Arran (Member), and Siaw Lu Howe (Member). Remuneration Committee: Ng Keok Chai (Chairman), Siaw Lu Howe (Member), and Aris Muhammad Rizal (Member).

Nominating Committee: Siaw Lu Howe (Chairman), Ng Keok Chai (Member), and Aris Muhammad Rizal (Member). Environmental, Social and Governance Committee: Ng Keok Chai (Chairman), Tan Gim Kang, Arran (Member), and Siaw Lu Howe (Member).