17LIVE Group Limited announced that Mr. Lien Chien-Lin has ceased to be the executive director of the Company with effect from the date of this announcement. Mr. Lien has left the Company for personal family reasons. Mr. Lien will be appointed as the senior adviser to the Company for a period of one year to assist in the transition.

Mr. Phua Jiexian Joseph, who is currently the non-executive Chairman of the Board, will assume executive responsibility for the management of the Company, and shall be re-designated as the Executive Chairman of the Company with effect from the date of this announcement. Mr. Tan Hup Foi, an existing independent non-executive director of the Company, shall be redesignated as lead independent director. The Board recognises the importance of this transition period, and this is why Mr. Phua, as the co-founder and ex-CEO of 17LIVE Inc., and current chairman of the Board, will step up and will provide executive leadership to further grow the business of the Company and create synergistic returns.