[%HjWJ%]: Board Changes

Dato' Leong Sir Ley, the largest shareholder of Yong Tai, has resigned from her position as a non-executive director to focus on a new business venture. Dato' Leong is the founder and chairman of Sheng Tai International, a property development company. She became the largest shareholder of Yong Tai last year after acquiring 90 million shares (23.8%) through Domain Capital Sdn Bhd. Recently, Domain Capital has reduced its stake in Yong Tai to 16.011%, and Dato' Leong has stepped down, although she remains the largest shareholder.

Additionally, Mr. Leou Thiam Lai and Mr. See Tai Soon have resigned as chairman of the audit committee and non-executive director, respectively.

This raises several questions: Is Dato' Leong's share disposal due to a significant increase in share price? Who will become the next major shareholder of Yong Tai? Will Datuk Wira Boo Kuang Loon purchase enough shares to regain his position as the largest shareholder? Alternatively, could the major shareholder of [%pWwq%] become Yong Tai's major shareholder? There is recent speculation that Courtyard by Marriott Malacca will be sold to Mr. Ong, the major shareholder of Tiong Nam, who also holds a 1.23% stake in Yong Tai.

$KLSE-YONGTAI: Board Changes

Dato' Leong Sir Ley, the largest shareholder of Yong Tai, has resigned from her position as a non-executive director to focus on a new business venture. Dato' Leong is the founder and chairman of Sheng Tai International, a property development company. She became the largest shareholder of Yong Tai last year after acquiring 90 million shares (23.8%) through Domain Capital Sdn Bhd. Recently, Domain Capital has reduced its stake in Yong Tai to 16.011%, and Dato' Leong has stepped down, although she remains the largest shareholder.

Additionally, Mr. Leou Thiam Lai and Mr. See Tai Soon have resigned as chairman of the audit committee and non-executive director, respectively.

This raises several questions: Is Dato' Leong's share disposal due to a significant increase in share price? Who will become the next major shareholder of Yong Tai? Will Datuk Wira Boo Kuang Loon purchase enough shares to regain his position as the largest shareholder? Alternatively, could the major shareholder of $KLSE-TNLOGIS become Yong Tai's major shareholder? There is recent speculation that Courtyard by Marriott Malacca will be sold to Mr. Ong, the major shareholder of Tiong Nam, who also holds a 1.23% stake in Yong Tai.

$TNLOGIS / 8397 (TIONG NAM LOGISTICS HOLDINGS BERHAD)