The Board of Directors of SLIC ("Board") wishes to announce that the Company had on 10 June 2026 received a notice in writing dated 9 June 2026 ("Notice") from Messrs. TGS TW PLT ("TGS TW") on their resignation as Auditors of the Company pursuant to Section 281(1) of the Companies Act 2016 with immediate effect.

The Board wishes to inform that the resignation of TGS TW as the Auditors of the Company is on voluntary basis due to the change in the Company's financial year end from December to June and TGS TW has cited resource constraints and both parties were unable to reach a mutual agreement on the proposed audit fees and the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.

Further announcement will be made by the Company on the appointment of new Auditors in due course.

This announcement is dated 11 June 2026.