Sitra Holdings (International) Limited announced that Mr. Chew Ah Ba, George decided to relinquish his role as the Executive Chairman and Chief Executive Officer but remains in his current role in the timber business Based on its enquires, the Company's Sponsor, RHT Capital Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no other material reason for the cessation of Mr. George Chew as the Executive Chairman and Chief Executive Officer/Managing Director of the Company.