The Board of Directors of Astaka Holdings Limited announced the following changes to the Board: the formalisation of the appointment of Mr. Lai Kuan Loong, Victor ("Mr. Lai") as the Independent Non-Executive Chairman of the Board with effect from 1 September 2021; and the resignation of Dato' Zamani Bin Kasim as the Executive Director of the Company and the cessation as a member of the Nominating Committee ("NC") with effect from 31 August 2021. Mr. Lai has been acting as the Interim Independent Non-Executive Chairman of the Company since the retirement of the previous board chairman on 5 February 2020. Having considered the leadership and contributions of Mr. Lai during his tenure as the Interim Independent Non-Executive Chairman, the Board is satisfied that Mr. Lai has the requisite capability to assume the role and responsibilities as the Independent Non-Executive Chairman of the Company.