Acesian Partners Limited announced that Mr. Wong Kok Chye, who is retiring by rotation under the Regulation 89 of the Company's Consitution, will not be seeking re-election as Director of the Company at the forthcoming Annual General Meeting to be held on 27 April 2023 as he would like to focus on the Group's operation and business development/sales. He will remain as the Group Chief Operating Officer of the Company. A detailed announcement on the retirement of Mr. Wong Kok Chye as the Executive Director required under Rule 704(6) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist will be released separately via SGXNet.

Subsequent to the above, with effect from 27 April 2023, the compositions of the Board shall be as follows:- Neo Gim Kiong ­ Non-Executive Chairman and Lead Independent Director, Loh Yih ­ Executive Director and Managing Director, Ho Ta-Huang ­ Non-Independent Non-Executive Director, Low Ka Choon Kevin ­ Independent Non-Executive Director. There will be no change to the composition of the Audit Committee, Nominating Committee, and Remuneration Committee.