The Board of Directors of the Company wishes to announce that it has approved the merger of the Nominating Committee and Remuneration Committee into a new single committee, to be known as Nomination and Remuneration Committee ("NRC") with effect from 8 December 2023.

The rationale for the merger of the two (2) Board Committees is to enhance the efficiency and effectiveness of the Board Committees in discharging their duties and responsibilities.

The composition of the NRC is as follows:-

1. Yoong Weng Hong Peter Andrew (Chairman, Independent Non-Executive Director)

2. Tan Sri Abdul Halim Bin Ali (Member, Senior Independent Non-Executive Director)

3. Norliza Binti Kamaruddin (Member, Independent Non-Executive Director)

4. Dato' Nasri Bin Nasrun (Member, Independent Non-Executive Director)

This announcement is dated 8 December 2023.