Golden Agri-Resources Ltd. announced Resignation of Non-executive Independent Directors The resignation of (1) Mr. Lew Syn Pau ("Mr Lew") and Mr. Foo Meng Kee ("Mr Foo") as Directors of the Company, both with effect from 31 December 2021, and accordingly their cessation from all Board Committee positions. Mr. Lew also ceased as Lead Independent Director. Each of Mr. Lew and Mr. Foo has served, in aggregate, for more than 9 years as a Non-executive Independent Director.

The Board wishes to thank Mr. Lew and Mr. Foo, for their valuable contributions and active participation at meetings, and for their long service with the Company. Details on the above resignations as required under Rule 704(7) of the Listing Manual are set out in separate announcements released today. (C) Appointment to Board Committees /Lead Independent Director (i) Audit Committee ("AC") The appointment of (1) Mr. Shee and Mr. Soh as members of the AC; and (2) Mr. Christian G H Gautier De Charnace ("Mr De Charnace"), an existing member of the AC, as AC chairman.

(ii) Nominating Committee ("NC") The appointment of (1) Mr. Shee and Mr. De Charnace as members of the NC; and (2) Mr. De Charnace as NC chairman. (iii) Remuneration Committee ("RC") The appointment of (1) Mr. Shee and Mr. De Charnace as members of the RC; and (2) Mr. Shee as RC chairman. (iv) Lead Independent Director ("LID") The appointment of Mr. Shee as the LID.

The changes stated in (C) above are with effect from 1 January 2022.