Annica Holdings Limited announced that Mr. Edwin Sugiarto relinquished his position as Chief Operating Officer to pave way for new leadership of the company. There are no other material reasons for the cessation of Mr. Sugiarto as the Chief Operating Officer of the company. Mr. Sugiarto will be redesignated as Operation Director of Industrial Engineering Systems Pte Ltd. as part of business continuity while keeping in view of the Group's on-going restructuring exercise.