Accrelist Ltd. announced the cessation of Lim Yeow Hua as Independent and Non-Executive Director, Chairman of Audit Committee, member of Nominating Committee and Remuneration Committee. Reason for cessation: To pursue other business interest and other principal commitments. Following Mr. Lim Yeow Hua's resignation, he will relinquish his position as Independent Board Member, Chairman of Audit Committee, and member of Nominating Committee and Remuneration Committee.

Based on its enquiries, the Sponsor is satisfied that, saved as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Lim Yeow Hua as the Independent and Non-Executive Director of the Company. The Company will be assessing suitable candidates to fill the vacancy to meet the minimum number of members within the Audit Committee of the Company pursuant to the Catalist Rules.