Avarga Limited announced the appointment of Lai Ven Li as Lead Independent Director, Chairman of Audit and Risk Management Committee; and member of Nominating Committee, effective January 1, 2024. Working Experience: Year 2021 - Year 2022 Partner, TrustCapital Advisors Investment Management Pte. Ltd. (a private equity fund manager).

Year 2009 - Year 2020 Head of Corporate Banking, CIMB Bank Singapore Responsible for business strategy portfolio development and key relationships. Involved in various acquisition transactions and capital market fund raising, managed asset portfolio of up to SGD 6 billion. Served as a member of CIMB Group Credit Committee, Singapore Business Management Committee, Risk & Compliance Committee and Assets and Liabilities Committee.

Other DirectorShips Present: Bluechip Capital Pte. Ltd. 3Cnergy Limited. Director Experience Details: Independent Director of 3Cnergy Limited since January 2023.

Professional Qualifications: Bachelor of Commerce Majoring in Accounting & Finance (The University of Western Australia) CPA Australia.