The Board of Directors of Addvalue Technologies Ltd. announced that Mr. Wong Ming Ghee, Bernard will resign as Independent Director. Upon cessation, Mr. Wong will cease to be Chairman of Nominating & Remuneration Committee, member of Audit Committee and Risk Committee of the Company with effect from 31 March 2024. The Audit Committee and Risk Committee shall merge and become the Audit & Risk Committee ("ARC").

With Mr. Wong's resignation, the Board wishes to announce the following appointments with effect from 31 March 2024: (i) Mr. Chua Chwee Koh as a member of the Audit and Risk Committee; (ii) Mr. Paul C Burke as member of the Nominating and Remuneration Committee; and (iii) Mr. Richard J Denny as Chairman of the Nominating and Remuneration Committee. Consequently, the composition of the Board with effect from 31 March 2024 will be as follows: Mr. Richard J Denny Chairman, Independent and Non-Executive Director Mr. Tan Khai Pang, Chief Executive Officer, Executive Director, Ms Goh Liang Choo, Independent and Non-Executive Director, Mr. Paul C Burke, Non-Independent and Non-Executive Director and Mr. Chua Chwee Koh, Non-Independent and Non-Executive Director. The Board's Executive Committee remains unchanged as follows: Mr. Chua Chwee Koh, Chairman and Mr. Tan Khai Pang, Member.

Audit and Risk Committee: Ms Goh Liang Choo, Chairman, Mr. Richard J Denny, Member and Mr. Chua Chwee Koh, Member. Nominating and Remuneration Committee: Mr. Richard J Denny, Chairman, Ms Goh Liang Choo, Member and Mr. Paul C Burke, Member.