Manufacturing Integration Technology Ltd. announced that Mr. Lim Chin Hong, Executive Director ("ED") and Chief Executive Officer ("CEO") of the Company, has decided to retire from full-time employment. His last day as ED and CEO of the Company shall be 15 May 2024. He will also resign as a member of the Investment Committee with effect from the same day.

Mr. Siak Wing Cheong, Business Development and Operations Director, will be appointed as ED and CEO of the Company with effect from 16 May 2024. Mr. Siak will be appointed as a member of the Investment Committee with effect from the same day. Company appointment of Mr. Leong Sow Chun as Lead Independent Director of the Company and Chairman of the Audit Committee with effect from 16 May 2024; and Company appointed of Dr Lim Ser Yong as Chairman of the Nominating Committee with effect from 16 May 2024.

Following the above changes, the Board and Board Committees will comprise the following: Board of Directors includes Mr. Kwong Kim Mone (Non-Executive and Non-Independent Chairman), Mr. Siak Wing Cheong (Executive Director and Chief Executive Officer), Mr. Leong Sow Chun (Lead Independent Director), Dr Lim Ser Yong (Independent Director); Audit Committee includes Mr. Leong Sow Chun (Chairman), Mr. Kwong Kim Mone, Dr Lim Ser Yong; Nominating Committee includes Dr Lim Ser Yong (Chairman), Mr. Leong Sow Chun, Mr. Kwong Kim Mone; Remuneration Committee includes Mr. Leong Sow Chun (Chairman), Mr. Kwong Kim Mone, Dr Lim Ser Yong; Investment Committee includes Mr. Kwong Kim Mone (Chairman), Mr. Siak Wing Cheong, Mr. Leong Sow Chun and Dr Lim Ser Yong.