SY HOLDINGS (06069) announced that Mr. Fong Heng Boo's term as independent non-executive director will expire on September 6, 2025. To dedicate more time to his personal and family affairs, Mr. Fong will step down from his position as independent non-executive director upon the expiration of his appointment term, effective September 6, 2025.

The Board is pleased to announce that, in consideration of Mr. Fong's extensive and valuable experience in auditing, risk management, and corporate governance, as well as his deep industry network in Southeast Asia, particularly Singapore, the Company intends to enter into a consultancy agreement with Mr. Fong through its Singapore international headquarters. The consultancy agreement will have a term of three years, commencing from September 8, 2025, and ending on September 7, 2028.

Under the consultancy agreement, Mr. Fong will be appointed as Group Advisor to provide strategic advice and share his industry resources and expertise to support the Group's global expansion strategy and international business development. Mr. Fong has indicated his acceptance of the appointment.

Following the expiration of Mr. Fong's term as independent non-executive director, he will also retire from his position as a member of the Company's audit committee effective September 6, 2025. The Board is pleased to announce that Ms. Chen Yuying has been appointed as a member of the Company's audit committee, effective September 6, 2025.