On June 14, 2023, the Board of Directors of Malacca Straits Acquisition Company Limited, appointed Ivan Wong to serve as an additional member of the Board. Mr. Ka Lok (Ivan) Wong, age 46, has been a director of Nocturne Acquisition Corporation, a special purpose acquisition corporation, since January 2022. He has also been the Managing Director of Wyndham Capital, which manages a portfolio of investments including special situation, private equity, and structured finance investments, as well as property investments in Asia, Europe and North America.

Mr. Wong is responsible for alternative investments globally and across all asset classes. From June 2011 to May 2013, Mr. Wong served as an investment professional with ICBC International Holdings Limited, the principal investment arm of Industrial and Commercial Bank of China (ICBC) in Hong Kong. From November 2007 to June 2011, Mr. Wong served as an investment manager for Argyle Street Management Limited, an Asia-based hedge fund.

Mr. Wong is a member of the American Institute of Certified Public Accountants. Mr. Wong received a B.B.A. with a concentration in Financial Engineering from the Chinese University of Hong Kong. Mr. Wong is well-qualified to serve on the Board due to his expertise in corporate finance and management and his extensive experience in investment.

On June 14, 2023, after Mr. Wong’s appointment, Gordon Lo, Stanley Wang, Vince Ming Shu Leung, Ping He and Eugene Ty Tan informed the Company of their intention to resign as directors of the Company, effective immediately. Mr. Lo also informed the Company of his intention to resign as the Chief Executive Officer and President of the Company, effective immediately. In addition, Mr. Wang informed the Company of his intention to resign as the Chief Financial Officer of the Company, effective immediately.

Neither of these resignations was due to any disagreement with the Company.