MR RICHARD J DENNY
Independent and Non-Executive Chairman

Mr. Denny was appointed to the Board on 1 May 2018 and serves as an Independent Director of the Company. He was named Non-Executive Chairman on April 1, 2023, following the retirement of Dr. Colin Chan Kum Lok, the former Executive Chairman of the Group. Mr. Denny stepped down as Chairman of the Nominating and Remuneration Committee on 14 October 2025, but remains a member of the Audit and Risk Committee Mr. Denny, an Australian national, has had over 40 years of experience in the space and satellite sector. Mr. Denny joined Inmarsat in 1988 and held a range of positions spanning across the technical and operational functions of Inmarsat before he retired in 2012. From 1998 to 2008, He held the position of Vice President of Satellite and Network Operations, and was responsible for Inmarsat’s fleet of satellites, network operations activities, satellite gateways, spectrum regulatory and spectrum management activities as well as satellite navigation services. In 2009, Mr. Denny assumed a new role in spear heading the engineering activities across Inmarsat, ranging from new product and service development to systems engineering, of noteworthy mention were the engineering activities in connection with Inmarsat’s new IsatPhone Pro hand-held satellite phone. From 2006 to 2012 and in conjunction with his operational and engineering responsibilities at Inmarsat, Mr. Denny was appointed as the President Commissioner of PT ISAT, a new satellite business established by Inmarsat in Batam, Indonesia to expand the engineering and operational functions of Inmarsat in the Asia region.

Prior to joining Inmarsat, Mr. Denny was with AUSSAT (now OPTUS) in Australia, and was tasked to establish the company’s satellite control facilities and its subsequent launch and in-orbit operations of its first generation satellites.

Before his stint with AUSSAT, Mr Denny held various positions in the satellite control and satellite communications field with the Overseas Telecommunications Commission (now part of Telstra), an Australian international communications carrier. These roles primarily involved satellite launch and in-orbit support activities for Intelsat and the European Space Agency.

MR. TAN KHAI PANG
Chief Executive Officer and Executive Director

Mr. Tan, one of the co-founders, has over 30 years of experience in product development and management in the field of telecommunications, with primary focus on satellite communications product development and strategic business management. He is instrumental in re-shaping Addvalue’s strategic focus, re-directing new development efforts and sharpening the organizational capabilities for the successful business transformation. Prior to his appointment as Addvalue ‘s CEO in January 2022, Mr Tan was the Chief Operating and Technology Officer where he focused on pivoting the company businesses to new growth markets for digital connectivity solutions, particularly in space, satcom and software defined radio industries.

Mr. Tan graduated from the University of Knoxville, USA with a Bachelor of Science Degree in Electrical Engineering with Highest Honours. He holds a Master of Science Degree in Engineering (Telecommunications) from the University of California, Los Angeles Campus, USA.

MR. KELVIN CHOW
Independent and Non-Executive Director

Mr. Kelvin Chow was appointed to the Board on 14 October 2025 as an Independent and Non-Executive Director of the Company and a member of the Nominating and Remuneration Committee. Effective 14 November 2025, Mr. Chow was appointed as Chair of the Audit & Risk Committee, succeeding Ms Goh Liang Choo. He brings to the Board a wealth of experience from his extensive leadership roles within the fund management business and real estate investment trust (REIT) sector, including his tenure as CEO of Lendlease Global Commercial REIT (“LREIT”) and CFO positions at Keppel REIT and Soilbuild REIT, all listed on SGX. Mr. Chow has also held key governance roles as Board Chairman and Lead Independent Director as well as Chairman and member of various board committees, including the Audit & Risk Committee and the Nomination & Remuneration Committee, across prominent REITs such as Starhill Global REIT and EC World REIT. He was previously a member of the executive committee of the REIT Association of Singapore (REITAS) and co-chairperson of REITAS’ sustainability taskforce, where he provided guidance to the association in helping its members to accelerate their sustainability journey.

Beyond his executive leadership, Mr. Chow is a member of the Corporate Governance and Risk Management Committee of the Institute of Singapore Chartered Accountants (ISCA) and an accredited board director as of November 2024. He was appointed as a council member of The Association of Singapore Companies (SGListCos) in October 2025 and as Vice Chairman of SGListCos with effect from June 2026, and was also elected as a Global Council Member of the Association of Chartered Certified Accountants (“ACCA”). His leadership and contributions to the REIT sector have been recognised through various industry awards. He was named Best CEO (Platinum) in 2024 and Best CEO (Gold) in 2023 at the Asia Pacific Best of the Breeds REITs Awards, and Executive of the Year (Commercial Real Estate Trust) at the SBR Management Excellence Awards 2023. During his tenure, LREIT also received several accolades, including the Gold Award for Best Investor Relations at the 19th Singapore Corporate Awards in 2024, the World Business Outlook Awards 2024 for Best Real Estate Investment Trust Singapore and Best Corporate Governance REIT Singapore, the Best Sustainability-linked Loan Award (Singapore) at The Asset Triple A Sustainable Capital Markets Awards 2022, and Best Overall ESG & Profitability REIT (Platinum) and Best Retail REIT (Platinum) at the Asia Pacific Best of the Breeds REITs Awards in 2024 and 2023 respectively. He is a Chartered Accountant and holds a Master of Business Administration from Universitas 21 Global, as well as an executive certification in senior leadership from INSEAD. Mr. Chow’s comprehensive background in financial management, board governance, committee leadership and sustainability further reinforces the Company’s dedication to exemplary corporate governance and strategic direction

MS. GWENDOLYN GN
Independent and Non-Executive Director

Our independent director Ms. Gwendolyn Gn was appointed to the Board of Directors on 14 October 2025. She serves as Chairman of the Nominating and Remuneration Committee and member of the Audit and Risk Committee. She is an Equity Partner at Shook Lin & Bok LLP, where she has over 20 years of experience as a Corporate Lawyer specialising in corporate finance and capital markets across Singapore and the Asian region. Ms. Gn actively advises SGX Main Board
and Catalist listed companies, SMEs, MNCs, and financial institutions on a range of areas including fund raising, IPOs, RTOs, dual listings, mergers and acquisitions, corporate structuring, and corporate governance. Her extensive expertise has positioned her as a leading advisor in these fields. She graduated with an LLB (Hons) (Second Upper) from the National University of Singapore in 1994 and was called to the Singapore bar as an Advocate and Solicitor in 1995. Ms. Gn has received the International Law Office and Lexology Client Choice Award 2014 for Capital Markets in Singapore and is recognized by Asialaw Leading Lawyers as a leading capital markets and corporate finance lawyer. She is also featured in Euromoney’s Guide to the World’s Leading Women in Business Law and World’s Leading Capital Markets Lawyers.