The board of directors of Classified Group (Holdings) Limited announced that Mr. VASTINE Mael Henri Francis ("Mr. Vastine") decided not to stand for re-election as an executive director of the Company when he is due to retire by rotation at the annual general meeting of the Company to be held on 17 June 2022 (the "2022 AGM") and to retire as an executive director of the Company in order to pursue his other personal interests. Mr. Vastine has tendered his resignation as the chief operating officer of the Group with effect from the conclusion of the 2022 AGM.