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Proposed Appointment of Auditors

The Company refers to the announcement posted on SGXNet on 26 April 2023. On 25 April 2023, the resolution to, inter alia, re-appoint Crowe Horwath First Trust LLP as the Company’s external auditor was not approved at the Annual General Meeting.

The Company has sought proposals from various audit firms for the role of external auditor of the Company, including a revised proposal from Crowe, as part of the Company’s tender process. After deliberations by the Audit Committee and the Board, the Company has shortlisted Crowe as the external auditor of the Company