CEIBA Investments Limited announced that they have been informed by Mr. Colin Kingsnorth and Mr. Peter Cornell of their intention to step down as Non-Executive Directors of the Company at the forthcoming Annual General Meeting of the Company to be held in June 2024, in order to focus on their other commitments. Colin has been a Non-Executive Director of the Company since October 2001 and is a member of the Management Engagement Committee. Peter has been a Non-Executive Director of the Company since 2018, he is also the Senior Independent Director and is a member of the Management Engagement and Nomination Committees.

To ensure a smooth transition, Colin and Peter will remain as Non-Executive Directors, while the selection process for their replacements is underway, until the forthcoming Annual General Meeting. Further announcements regarding the successors for Colin and Peter, including Committee memberships, will be made in due course.