Capital World Limited announced cessation of Sia Guek Leng as Financial Controller. As part of the Group's internal restructuring, Ms. Sia Guek Leng will step down as the Group's Financial Controller and will be redesignated as Leasing Director of the Company's newly incorporated subsidiary, One Solution Management Sdn. Bhd.

She will continue to assist with the handover process to the newly appointed Financial Controller as she remains part of the Group. After having interviewed Ms. Sia Guek Leng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Ms. Sia Guek Leng as the Financial Controller.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Ms. Sia Guek Leng, and there are no disagreements between Ms. Sia Guek Leng and the Company's Board of Directors with regards to practices that will have an impact on the Company's financial reporting.