H2G Green Limited announced resignation of Tay Shui Wen as Non-Executive Chairman and Independent Director, Chairman of Remuneration Committee, Member of Audit Committee and Member of Nominating Committee. Reason For Cessation: The Board agreed to accept Mr. Tay Shui Wen's ("Mr Tay") resignation as Non-Executive Chairman and Independent Director of the Company with effect from 8 May 2024 to focus on his existing work commitment and other personal commitments. Following Mr. Tay's resignation, he will also relinquish his position as Chairman of the Remuneration Committee, and Member of the Audit Committee and Nominating Committee of the Company with effect from 8 May 2024.

As a result, the number of members in each of the Audit Committee, Nominating Committee, and Remuneration Committee will fall below the required minimum number of 3 members. The Company is currently reviewing the composition of the Board of Directors and its Committees and will update the shareholders in due course. The Company will endeavour to fill the vacancy within 2 months, but in any case, no later than 3 months.

Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Tay as an Independent Director of the Company.