Addvalue Technologies Ltd. announced the promotion of Mr. Low Boon Leng (Francis) from Deputy Chief Technology Officer to Chief Technology Officer was recommended by the Nominating and Remuneration Committee ("NRC") of the Company and approved by the Board of Directors based on his qualifications, work experience and followed by his one-year training by Mr. Bernard Wong, who is a qualified CEO coach. The Board has reviewed the qualifications and experience of Mr. Francis Low and is of the view that he can contribute to the growth of the Company. The appointment is executive.

Mr. Low will assist the Chief Executive Officer in the overall operations of the Company and its subsidiaries which includes developing, establishing and implementing the Group's technology roadmap. The appointment is executive. Mr. Low will assist the Chief Executive Officer in the overall operations of the Company and its subsidiaries which includes developing, establishing and implementing the Group's technology roadmap.

Mr. Low joined the Group in 2001 as an engineering intern and subsequently became a design engineer in developing wireless solutions for different sectors in defence, automotive and semiconductor industries. From 2014 to 2018, he took on different programs leads as he was heavily involved in various product development programs with his technical strengths in (FPGA) Field Programmable Gate Array, ASIC (Application Specific Integrated Circuit), digital signal processing, RF (Radio Frequency) and Microwave. In 2019, he was appointed as the Head of Advanced Development and elevated to help CTO manage the Technology and Engineering Department for overall technical resources and roadmap planning.

At the same time, he was under the tutelage of CTO to understand how to design technical programs to be in alignment with the strategic business direction of the company as well as gaining more exposure to key partners in satcom industries including Inmarsat, Thuraya, Viasat, Iridium, and a host of companies in space industry, as well as other technical partners such as Avnet, AMD-Xilinx and A*Star. He interacted with EDB OSTin for grant application and verification matters. He also represented the company as a speaker in conferences such as GSTC and Singapore Space Symposium.

In order to assess his potential for CTO, Mr. Low was appointed Deputy CTO in January 2022 and was put under a dedicated executive training program by Bernard Wong, who is Independent Director and also a certified trainer for senior management executives for his career grooming. In sum, Mr. Low has more than 20 years of experience in design and development experiences in digital wireless communications systems and contributed significantly in the IDRS and software defined radio embedded solutions for the company with his last five years of experience and exposure at a higher and strategic management role. Mr. Low graduated with a MSc in Electrical Engineering with specialization in wireless communication from the Nanyang Technological University.