The Board of Directors of CRB wishes to announce that the term of the office of Messrs. Baker Tilly Monteiro Heng PLT (“Baker Tilly”) shall end on 24 October 2022, which is twenty-one (21) days from the date of notice of resignation pursuant to Section 281(2) of the Companies Act 2016.

The resignation of Baker Tilly is on a voluntary basis and made on the ground of disagreement on unreasonable audit fees.

The Company has identified the new External Auditors and is currently in the midst of appointing them pursuant to Section 271(2) of the Companies Act 2016. Further announcement will be made by the Company once the appointment of new External Auditors is finalised.

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

This announcement is dated 21 October 2022.