Change - Announcement of Appointment: : Appointment of Chief Financial Officer cum Acting Chief Executive Officer

Appointment of Ms. Queenie Foo Quek Cheng ('Ms. Foo') as Acting Chief Executive Officer ('CEO') of Eindec Corporation Limited (the 'Company', and together with its subsidiaries, the 'Group').

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the 'Sponsor'), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ('SGX-ST') Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd., at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.