Zhongmin Baihui Retail Group Ltd. announced cessation of Mr. Choy Bing Choong as Chairman of the Audit Committee, member of the Nominating Committee and member of the Remuneration Committee and Ms. Goh Poh Kee as member of the Audit Committee, member of the Nominating Committee and Chairperson of the Remuneration Committee. The board committees of the Company shall be reconstituted as follows: Audit Committee: Mr. Yee Chia Hsing (Independent Director) (Chairman), Mr. Kho Kewee (Independent Director) and Mr. Zou Qige (Independent Director). Nominating Committee: Mr. Kho Kewee (Independent Director) (Chairman), Mr. Zou Qige (Independent Director) and Mr. Yee Chia Hsing (Independent Director).

Remuneration Committee: Mr. Kho Kewee (Independent Director) (Chairman), Mr. Zou Qige (Independent Director) and Mr. Yee Chia Hsing (Independent Director).