Digimatic Group Ltd. announced that Mr. Ivan Ong has resigned, effective 16 February 2018, as the Director of DMC to focus on the business operations of Digimatic Media Pte Ltd. Ms Chung Pit Leehas also confirmed her resignation as CFO of the Group to pursue other career opportunities. Ms Chung's resignation will take effect on 28 February 2018. Mr. Ivan Ong will remain in the group in the capacity of Managing Director of DMM, focusing on driving the growth of this subsidiary.

Ms Pauline Teo, who is the Executive Director of the Group, has been nominated with immediate effect, as the Board's representative, to manage the strategic review. It is expected the strategic review will be completed within two to three months. Mr. Adrian Lim has been appointed as acting Chief Financial Officer ("CFO") with effect from 1 March 2018.

Adrian is the Financial Controller of 8VIC and has 15 years of experience in mergers & acquisitions, private equity houses advisory, transaction services, and valuations & financial modelling. Prior to his role in 8VIC, Adrian had taken on the roles of CFO and Director in multiple companies.