PEC Ltd. announced cessation of David Wong Cheong Fook as Non-Executive and Non-Independent Director, member of Audit and Risk Management Committee, Nominating Committee and Remuneration Committee. Other DirectorShips Present: Director of Papua New Guinea Sustainable Development Programme - Deep Identity Pte Ltd. Mr. David Wong has been serving on the Board of the Company since 8 January 2014. He has indicated his intention to retire as the Non-Executive and Non-Independent Director, member of Audit and Risk Management Committee, Nominating Committee and Remuneration Committee on 31 October 2023 to pave way for board refreshment and to devote more time to his other commitments.

Consequently, the composition of the Board and Board Committees shall be as follows with effect from 31 October 2023: Board of Directors: Ms Edna Ko Poh Thim (Executive Chairman); Mr. Robert Dompeling (Group Chief Executive Officer); Mr. Wong Peng (Non-Executive and Non-Independent Director); Ms Joy Tan Whei Mien (Lead Independent Director); Mr. Pek Hak Bin (Independent Director); Mr. Winston Ngan Wan Sing (Independent Director); and Ms Yvonne Tan (Independent Director). Audit and Risk Management Committee: Mr. Winston Ngan Wan Sing (Chairman); Ms Joy Tan Whei Mien; Mr. Pek Hak Bin; and Ms Yvonne Tan. Nominating Committee: Ms Joy Tan Whei Mien (Chairman); Mr. Pek Hak Bin; Mr. Winston Ngan Wan Sing; and Ms Yvonne Tan.

Remuneration Committee: Mr. Pek Hak Bin (Chairman); Ms Joy Tan Whei Mien; Mr. Winston Ngan Wan Sing; and Ms Yvonne Tan.