Jiutian Chemical Group Limited announced retirement of Mr. Wu Yu Liang as Non-Executive and Lead Independent Director, Chairman of Remuneration Committee and Member of Audit Committee. Mr. Wu Yu Liang 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. Wu will be voluntary retiring at the AGM.

Accordingly, Mr. Wu will also cease as Lead Independent Director, Chairman of the Remuneration Committee and member of the Audit Committee. The Board would like to express its gratitude towards Mr. Wu 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. Wu 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. Wu 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. Wu as the Non-Executive and Lead Independent Director of the Company.