The board of directors of Capital VC Limited announced that in accordance with the Articles of Association of the Company, Mr. Lee Ming Gin ("Mr. Lee"), an independent non-executive Director, will retire by rotation at the forthcoming annual general meeting of the Company which is to be held on 5 March 2024. He will not seek for re-election due to his other business commitments. Upon his retirement, Mr. Lee will also cease to be the chairman and member of each of the nomination committee and remuneration committee of the Company, and member of audit committee of the Company.