The board of directors of Hotung Investment Holdings Limited announced that the following changes have been made to the composition of the company's board committees, with effect from 11 May 2023: Ms. Lan Yuan, an Independent Non-executive director newly elected at the company's annual general meeting held on 17 April 2023, joins the Audit Committee as a new member; Ms. Lan Yuan is considered independent by the Board for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited; Mr. Kung-Wha Ding, an Independent Non-Executive Director, joins the Nominating Committee as a new member; and Ms. Shih-Ping Chen, an Independent Non-Executive Director, joins the Remuneration Committee as a new member. Accordingly, the composition of the Audit Committee, Nominating Committee and Remuneration Committee will now be as follows: Audit Committee: Dr. Ng-Chee Tan (Independent Non-Executive Director), Chairman; Mr. Andy C.W. Chen (Non-Executive Director), Member; Dr. Philip N. Pillai (Independent Non-Executive Director), Member; Ms. Lan Yuan (Independent Non-Executive Director), Member. Nominating Committee: Mr. Chang-Pang Chang (Independent Non-Executive Director), Chairman; Ms. Tsui-Hui Huang (Executive Director), Member; Dr. Ng-Chee Tan (Independent Non-Executive Director), Member; Mr. Kung-Wha Ding (Independent Non-Executive Director), Member; Remuneration Committee: Mr. Chang-Pang Chang (Independent Non-Executive Director), Chairman; Dr. Ng-Chee Tan (Independent Non-Executive Director), Member; Mr. Kung-Wha Ding (Independent Non-Executive Director), Member; Ms. Shih-Ping Chen (Independent Non-Executive Director), Member.