Kimly Limited announced the Resignation of Chia Cher Khiang as Chief Executive Officer with effect from 11 November 2021. The Board has been informed by Mr. Chia Cher Khiang ("Mr. Chia") that he has been notified by the Commercial Affairs Department (the "CAD") of the Singapore Police Force on 11 November 2021 that he has been charged for an offence under Section 331(1) read with Section 204(1) of the Securities and Futures Act, Chapter 289 of Singapore (the "SFA" and the charge, the "SFA Charge"). The SFA Charge against Mr. Chia was in relation to the Company's failure to notify the Singapore Exchange Limited ("SGX") that its acquisition of Asian Story Corporation Pte. Ltd. ("ASC" and the acquisition, the "ASC Acquisition") was an interested person transaction, required to be immediately announced under Rule 905(1) of the SGX Catalist Listing Rules (the "Catalist Rules"). As a result, the Company had committed an offence under Section 203(1) read with Section 203(2) of the SFA, which offence was committed with Mr. Chia's consent as director of the Company. Mr. Chia has notified the Board that he intends to resign from his role as Executive Director and Chief Executive Officer of the Company with effect from 11 November 2021 and the Board has agreed to accept his resignation. The Board has requested Mr. Chia to remain as an employee of the Company following his resignation as Executive Director and Chief Executive Officer to assist and facilitate the Board and management in the transition, pending the conclusion of court proceedings relating to the SFA Charge, which terms of employment are to be mutually agreed. After having interviewed Mr. Chia 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. Chia as Executive Director and Chief Executive Officer of the Company. Resignation of Mr. Chia Cher Khiang as Executive Director and Chief Executive Officer of the Company with effect from 11 November 2021. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd.