Resignation of Director, Appointment of new Audit Committee Member and Reconstitution of the Audit Committee On behalf of the Board of Directors of KarenSoft Technology Berhad, we wish to announce the resignation of En. Ahmad Nubly bin Isahak as a Non Independent Non Executive Director of the Company with effect from 13 May 2003. The Board has approved his resignation on 17 May 2003. Following his resignation, En. Ahmad Nubly bin Isahak ceases to be a Member of the Audit Committee for KarenSoft Technology Berhad. At this juncture, the Board would like to extend their appreciation to Encik Ahmad Nubly bin Isahak for his past services. Further to the above, the Board of Directors is pleased to announce the appointment of Mr Ng Hock Soon, the Executive Director/CFO of KarenSoft Technology Berhad as a Member of Audit Committee with immediate effect. In relation to the above, the Board of Directors further wish to announce the new constitution of the Audit Committee as follows: Chan Kam Loon (Chairman / Independent Non Executive Director) Fong Seow Kee (Member / Independent Non Executive Director) Tang Heem Moh (Member / Independent Non Executive Director) Ng Hock Soon (Member / Executive Director) with effect from 17 May 2003