PRESS RELEASE

FOR IMMEDIATE RELEASE

KYM appoints Darren Lee as new CEO

• Darren Lee to be appointed as new Chief Executive Officer
• Lim Tze Thean, the current Chief Executive Officer will remain on the board as Executive
Chairman to ensure continuity and advise the Executive Team
• KYM continues to improve corporate governance and focus on value creation via merger
& acquisitions

Petaling Jaya, 30 June 2023 – KYM Holdings Bhd (KYM, 金控股) announced that Darren Lee will
be appointed as the new CEO of KYM effective from 1 July 2023. He shall succeed Lim Tze
Thean who shall step down as CEO on 1 July 2023. This is in line with Malaysian Code of
Corporate Governance 2021 where Chairman and CEO should be held by different individuals.

Darren Lee joined the KYM Group as a Non-Independent Non-Executive Director in November
2014 and was appointed as Deputy CEO and re-designated as Executive Director on 1 June
2022. He will begin as CEO of KYM on 1 July 2023 leading the Executive Team focusing on value
creation via M&A.

Darren Lee who is also a fellow member of ACCA has spent the last 20 years in finance and
corporate work focusing on restructuring, M&A, privatizations as well as regional new business
development. He has experience in the automotive, electronics and packaging industry in
Malaysia as well as regionally.

Being a member of the Audit & Risk Management Committee prior to his appointment as Deputy
CEO, Darren Lee oversaw the financial reporting, related internal controls and implementation of
risk management processes. He actively participated both as a non-Executive Director and
Executive Director in formulating and executing KYM current corporate strategy and policy.

“Darren has proven ability in the areas of corporate strategy, operational execution as well as a
strong reputation for innovation and cooperation in his M&A track record. As KYM’s Deputy CEO,
he showed a willingness to enter the trenches with our production teams whilst playing a key role
in advancing sustainability initiatives. These last 12 months were spent getting KYM ready to
explore new business opportunities with a modest 8 figure war-chest for acquisitions and
expansions. The Board looks forward to Darren leading KYM in the new season of growth and
value creation. With Darren officially at the helm, KYM is now ready for more,” said Lim Tze
Thean, the outgoing CEO and Executive Chairman.

Lim Tze Thean steps down as CEO of KYM after 11 years in the role. He continues serving in
the position of Executive Chairman of KYM to ensure continuity and advise the Executive Team.

“I wish to express my appreciation to Tze Thean and the Board of Directors for their confidence
in me. I am truly humbled by the opportunity to lead KYM forward to deliver value to our
shareholders. As the CEO, value creation stands as my utmost priority. My immediate focus is to
diligently seek new business opportunities in a bid to future-proof our business and to affect a
valuation shift. I shall also further integrate sustainability efforts in our operations as well as
product innovation and enhance our ESG framework,” said Darren Lee, the new CEO.

Ends.

About KYM Holdings Bhd (金控股)

KYM Holdings Bhd (“KYM”), through its subsidiaries, is a specialist in the manufacture and sale
of high-quality multi-wall industrial paper sacks and corrugated carton boxes.

Incorporated in 1982, KYM was principally involved in manufacturing and marketing of industrial
paper bags and paper egg trays in Malaysia. Today, KYM is a leading independent manufacturer
of multi-wall industrial paper sacks in Malaysia and the ASEAN Region as well as a key supplier
in the Malaysian F&B supply chain.

For more information:

https://kym.com.my

MEDIA CONTACT

Mr. William Ng (Mobile No.: +6016-3579248)

greatambitionir@gmail.com / ir@kym.com.my