ASA International Group PLC announced its CEO succession as from 15 June 2023. Mr. Dirk Brouwer, Co-Founder and Chief Executive Officer ("CEO") of the company informed the Board of his desire to step aside as CEO of the company for personal reasons after having founded and managed the Company, for the most part together with the Company's former Chairman, Md. Shafiqual Haque Choudhury, since 2007.

The Board has therefore approved the following succession plan. Mr. Brouwer will remain as CEO until the Annual General Meeting ("AGM") on 15th June, at which point Ms. Karin Kersten, currently Executive Director, Corporate Development, will be appointed CEO. Ms. Kersten joined ASA International from ABN AMRO Bank in October 2021 and became an Executive Director in April 2022, and in the Board's view is well qualified to lead the Group going forward.