AGV Group Limited announced the cessation of Wee Meng Seng Aloysius as Independent Director Chairman - Nominating Committee Member - Audit Committee and Remuneration Committee. Mr. Wee Meng Seng Aloysius was removed as a Director of the Company pursuant to an Ordinary Resolution passed at the Extraordinary General Meeting held on 26 January 2022. After having interviewed Mr. Wee Meng Seng Aloysius and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Wee Meng Seng Aloysius as Director of the Company.