EXPERT LEASING LTD

Board and Board Committees

Board of Directors

The Board of Directors is the Company’s ultimate unitary decision-making body. The Board exercises leadership, entrepreneurship, integrity and sound judgement in directing the Company to achieve its objectives while ensuring performance. The Board also ensures that the activities of the Company comply with all legal and regulatory requirements.

Responsibilities of the Board are set out in its Charter which may be reviewed on a yearly basis or as and when required with the introduction of, or amendment to laws and regulations. The Board is collectively responsible and accountable for the affairs and overall performance of the Company. It ensures that proper systems and controls are in place to protect the Company’s assets and its good reputation. It also determines the strategic direction of the Company and identifies key risk areas, monitors and evaluates the implementation of policies, plans and approves the Company’s capital expenditure including investments and operating budgets.

Board Composition

As at 30 June 2025, the Board of Directors of the Company was composed as follows:

Names of Directors	Position
Mr. Joseph Anthony Tseung Sum Foi	Non-Executive Chairman
Mr. James Lim Teng Chong	Executive Director
Mrs. Valerie Ah-Chuen Juban	Non-Executive Director
Mr. Sydney Ah Yoong	Independent Director
Mr. Pascal Lee Choong Tong	Independent Director

The profile of the above directors can be found here

Board Committees

The Board is supported by its two Committees which provide in-depth focus on specific areas and make recommendations on matters delegated to them encompassing internal control, financial reporting, governance, strategy and risk management. Each Committee has its own terms of reference which is approved by the Board and reviewed as and when necessary.

Audit and Risk Committee

The Audit and Risk Committee has been established by the Board to assist it in discharging its duties relating to the safeguarding of assets, the operation of adequate systems and control processes, the preparation of accurate financial reporting and statements in compliance with all applicable legal requirements and accounting standards.

The Committee also provides a forum for discussing business risk and control issues and for developing relevant recommendations for consideration by the Board. It also monitors the role and scope of works of internal and compliance auditors and maintains an appropriate relationship with external auditors. The Committee has the authority to conduct investigations into any matter within its scope of responsibilities and to obtain such outside or other independent professional advice as it considers necessary to carry out its duties. The Committee normally meets on a quarterly basis.

Members of the Audit and Risk Committee as at 30 June 2025:

Names of Directors	Position
Mr. Sydney Ah Yoong (Chairman)	Independent Director
Mrs. Valerie Ah-Chuen Juban (Member)	Non-Executive Director
Mr. Pascal Lee Choong Tong (Member)	Independent Director

The profile of the above directors can be found here

Corporate Governance Committee

The Corporate Governance Committee has been established by the Board to make recommendations to the Board on corporate governance provisions to be adopted so that the Company remains effective and complies with prevailing corporate governance principles.

The Committee also makes recommendations to the Board on the appointment of new executive, non-executive and independent directors as well as senior management and advises on the composition of the Board in general. The Committee normally meets once on a yearly basis.

Members of the Corporate Governance Committee as at 30 June 2025 were:

Names of Directors	Position
Mr. Pascal Lee Choong Tong (Chairman)	Independent Director
Mr. James Lim Teng Chong (Member)	Executive Director
Mr. Sydney Ah Yoong (Member)	Independent Director

The profile of the above directors can be found here