The board of directors of Memiontec Holdings Ltd. announced that Mr. Jackson Chevalier Yap Kit Siong ("Mr. Yap") retired as an independent director of the Company ("Independent Director") upon the conclusion of the annual general meeting of the Company held earlier on 24 April 2024 (the "AGM"). With his retirement at the conclusion of the AGM, Mr. Yap ceased to be the Independent Non-Executive Chairman of the Board, the Chairman of the Remuneration Committee as well as a member of the Audit Committee and the Nominating Committee of the Company with effect from 24 April 2024.