ST Group Food Industries Holdings Limited announced that Audit Committee and Nominating Committee having reviewed Mr. Lee Huey Chyuan's qualifications and working experience and having witnessed his professional conduct and behavior through the years, are of the view that Mr. Lee has the requisite qualification, experience and capabilities to assume the role of the Chief Financial Office. Mr. Lee graduated from the Royal Melbourne Institute of Technology, Australia with a Bachelor of Business (Accountancy) in 2014 and obtained his Master of Business (Marketing) from the Monash University, Australia, in 2016. Mr. Lee has been a financial controller ("FC") in the Group since 2022 and has worked in the Group since 2016.

After considering the AC's and NC's recommendations, the Board is satisfied that he possesses the requisite experience and capabilities to assume the responsibilities of the CFO and approved the promotion of Mr. Lee from FC to CFO. The appointment is Executive. Mr. Lee is responsible for overseeing all the financial, accounting and corporate secretarial matters in the Group, including leading and supervising the monthly accounts closing, consolidation of Group accounts and yearly audits, supervising and ensuring the Group s compliance with taxation and financial reporting requirements, and providing overall supervisory control over the Group s finances, liabilities and cash flows.

Working Experience: November 2022 to Present Financial Controller - ST Group Food Industries Holdings Limited August 2016 to October 2022 Accountant - Papparich Australia Pty Ltd. Professional Qualifications: Certified Public Accountant, Australia (CPA). Effective date is September 28, 2023.