8VI Holdings Limited announced the commencement of a comprehensive corporate restructuring initiative as part of measures aimed at securing long-term survival and sustainability of the Group. With the objective of streamlining and optimising the management structure, 8VI's co- founder Mr. Ken Chee will take over the position of Group CEO, replacing Ms. Low Ming Li. This realignment aims to facilitate a seamless transition for Ms. Low as she concludes her tenure at 8VI.

The key management executives will collaborate extensively to lead the restructuring efforts during this period of transition. The remuneration package for the executive directors will continue to be maintained at its current level, notwithstanding the previous voluntary reduction of 30% in January 2023.