Avi-Tech Holdings Limited announces Retirement of Khor Thiam Beng as Independent Director. Job Title:- Non-Executive Chairman and Independent Director, Audit and Risk Committee Member, Nominating Committee Member, and Remuneration Committee Member. Following Mr. Khor's retirement, the number of Audit and Risk Committee members falls below the minimum number of three members as required under Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited and the provisions set forth in the Code of Corporate Governance 2018.

There will also be insufficient members in the Nominating Committee and Remuneration Committee pursuant to the provisions set forth in the Code. In light of the foregoing, a new Independent Director, Mr. Chan Yu Meng, will be appointed with effect from 27 October 2022 to fill the vacancies in the Audit and Risk Committee, Nominating Committee and Remuneration Committee.