Katrina Group Ltd. announced cessation of Mah How Soon (Ma Haoshun) as Lead Independent Director, Chairman of the Audit Committee and the member of the Nominating Committee and Remuneration Committee of the Company. Mr. Mah Haw Soon (Ma Haoshun) has decided to resign as the Group has diversified its business into hospitality and property development businesses which may be the focus of expansion in the near future, the composition of the Board should be adjusted accordingly to make way for new director(s) who has good and relevant experience in these new businesses. Based on its enquiries, the Company's Sponsor, Hong Leong Finance Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Mah How Soon (Ma Haoshun) as an Independent Director of Katrina Group Ltd.