The Board of Directors of Aemulus wishes to announce the following changes in the Board composition with effect from 28 April 2022 :-

1. Appointment of Ms. Ch’ng Suat Ping as Independent Non-Executive Director of the Company;
2. Resignation of Mr. Yeoh Chee Keong as Executive Director of the Company as well as member of Risk Committee;
3. Resignation of Mr. Wong Shee Kian as Executive Director of the Company as well as member of Remuneration Committee; and
4. Resignation of Mr. Ng Chin Wah as Executive Director of the Company.

(collectively referred to as the “Changes in the Board Composition”)

The Board is currently comprises of the following Directors after the abovementioned Changes in the Board Composition:-

1. Dato’ Seri Lee Kah Choon (Independent Non-Executive Director/Chairman);
2. Ng Sang Beng (Executive Director/Chief Executive Officer);
3. Ong Chong Chee (Independent Non-Executive Director);
4. Friiscor Ho Chii Ssu (Independent Non-Executive Director); and
5. Ch’ng Suat Ping (Independent Non-Executive Director).

Dato’ Seri Lee Kah Choon also resigned as member of Nomination Committee, Audit Committee and Remuneration Committee of the Company with effect from 28 April 2022.

The rationale for the abovementioned Changes in the Board Composition is as follows:-

• In compliance with the ACE Market Listing Requirements of at least a female director to be on the Board as stated in the letter from Bursa Malaysia Securities Berhad dated 19 January 2022;
• In compliance with Practice 5.2 of the Malaysian Code on Corporate Governance (“MCCG”) that at least half of the Board comprises independent directors;
• In compliance with Practice 1.4 of the MCCG that Chairman of the Board should not be a member of the Audit Committee, Nomination Committee or Remuneration Committee.

In accordance to the Environmental, Social and Governance (“ESG”) initiative of the Company, the Board has embarked on the journey to increase diversity to its Board’s representation; balancing the Executive and Independent Directors composition; placing strong emphasis on gender representation to widen and diversify perspectives in all Board’s deliberations.

The Company plans to appoint another female director by financial year 2023 to meet the recommendation of Practice 5.9 of the MCCG that the Board comprises at least 30% women directors.

This announcement is dated 28 April 2022.