Asia Vets Holdings Ltd. announced that Mr. Teo Yi-Dar (Zhang Yida) resigned as the Lead Independent Director of the Company to devote more time to his other work commitments. Following the Resignation, Mr. Teo has ceased to be the Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee of the Company. The Board and the Nominating Committee is reviewing the composition of the Board as well as the relevant Board Committees and will provide updates to shareholders of the Company in due course.

After having interviewed Mr. Teo and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the Resignation.