The Board of Directors, having considered the recommendations of the Nominating Committee, and assessed Mr. Daniel Loh Hong Chye's qualifications and working experience, has approved the appointment of Mr. Loh as an Independent Director of Megachem Limited. Mr. Loh will also be appointed as the Chairman of the Remuneration Committee and a member of the Audit Committee. The Board considers Mr. Loh to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.

Date of appointment is April 20, 2024. Role And Responsibilities: Non-Executive. Working Experience: Freelance Strategic Consultant (June 2023 to present) HELM Asia Pte Ltd. - Managing Director and President Chemicals Asia (August 2019 - May 2023) BASF South East Asia Pte Ltd. - Managing Director, BASF (Malaysia) Sdn Bhd (March 2011 - February 2017) - Head, Singapore Business Area (April 2014 - February 2017) - President Director, BASF Indonesia (April 2017 - July 2019).

Other DirectorShips Past: HELM Asia Pte Ltd. - HELM TH (Thailand) Ltd. - SPCI HELM Group Holdings Pte Ltd. - SPCI HELM Singapore Pte. Ltd. - SPCI HELM Advance Pte. Ltd. - PT BASF Indonesia - PT BASF Distribution Indonesia - PT BASF Care Chemicals Indonesia - BASF Philippines Inc. Other DirectorShips Present: Volunteer, Firefly Mission (Non-governmental organisation).

Director Experience Details: The Company will make arrangements for Mr. Loh to attend the requisite training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange within one year from the date of his appointment to the Board. Event Description: Appointment of Independent Director - Mr. Daniel Loh Hong Chye ("Mr Loh") This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Bernard Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. Professional Qualifications: Masters of Business Administration (High Honors), Oklahoma City University - Bachelor of Engineering (Mechanical), National University of Singapore.