GS Holdings Limited announced retirement of Lim Chee San as Independent Director, Chairman of the Nominating Committee, and member of the Audit and Risk Committee and Remuneration Committee. Mr. Lim Chee San will not be seeking re-election and will retire as an Independent Director of the Company at the close of the Annual General Meeting on 30 April 2024 to focus on his personal and /or other principal work commitments. Mr. Lim will step down from his position as an Independent Director of the Company, Chairman of the Nominating Committee, and member of the Audit and Risk Committee and Remuneration Committee.

In view of Mr. Lim's retirement, the position of Chairman of the Nominating Committee will become vacant until the appointment of a new Nominating Committee chairman by the Board as soon as practicable. After having interviewed, Mr. Lim and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Lim.