Jiutian Chemical Group Limited announced Retirement of Mr. Gao Guoan Non-Executive and Independent Director, Chairman of Nominating Committee and Member of Remuneration Committee. Pursuant to Catalist Rule 406(3)(d)(iv), Mr. Gao Guoan ("Mr Gao") will cease to be considered independent after the conclusion of the upcoming annual general meeting. As such and as part of the Board renewal process, Mr. Gao will be retiring and will not seek for re-election as a Director of the Company at the AGM.

Accordingly, Mr. Gao will also cease as Chairman of the Nominating Committee and member of the Remuneration Committee. The Board would like to express its gratitude towards Mr. Gao for his valuable and significant contributions to the Company during his tenure of service. The Nominating Committee and the Board are in the final stages of assessing potential candidates to replace Mr. Gao as part of the Board renewal process and to ensure compliance with the Listing Manual and/or the Code of Corporate Governance.

The Company will make announcement(s) regarding the appointment of new director, and/or revision to the composition of the Board and its Committees on the SGXNet, once details become available. After having interviewed Mr. Gao and to the best of its knowledge, the Company's Sponsor is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr. Gao as the Non-Executive and Independent Director of the Company.