We wish to announce that the Board of Directors of YNH had today received a letter dated 28 November 2023 from Ms Oon Seow Ling, an Independent Non-Executive Director cum Audit Committee Chairman informing that she will not be seeking re-election at the forthcoming Annual General Meeting (“AGM”) of YNH to be held on 8 December 2023 due to her own business commitment, thus would not be able to devote sufficient time for YNH.

The Board of Directors accepted her letter of non-seeking for re-election and resolved to withdraw Ordinary Resolution 5 - To elect Oon Seow Ling retiring pursuant to Article 100 of the Company's Constitution from tabling to shareholders for approval at the 21st AGM to be held on 8 December 2023.

Ms Oon Seow Ling shall retire after the conclusion of the AGM and the Board would like to place a record of appreciation to Ms Oon Seow Ling for her invaluable advice and guidance throughout her tenure as Director of YNH.

This announcement is dated 29 November 2023.