Megachem Limited announced retirement of Chan Kam Loon as Independent Director. Role And Responsibilities: Independent Director, Chairman of the Audit Committee, as well as a member of each of the Nominating and Remuneration Committees. Reason For Cessation: Mr. Chan Kam Loon will retire from office at the Annual General Meeting of the Company to be held on 19 April 2024.

He will relinquish his position as Independent Director, Chairman of the Audit Committee, and a member of the Nominating and Remuneration Committees. After having interviewed Mr. Chan and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Chan as an Independent Director of the Company.