Global Dragon Limited announced resignation of Woo Peng Kong as -Executive Lead Independent Director of the company. Reason For Cessation: Due to family commitments, Mr. Woo Peng Kong ("Mr Woo") has tendered his resignation as Lead Independent Director of the Board with effect from 22 December 2022. The Company would like to express its gratitude and appreciation towards Mr. Woo for his contributions to the Board during his tenure.

The Sponsor, after having interviewed Mr. Woo, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Mr. Woo as Lead Independent Director of the Company. Job Title: Lead Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee.