Mercurius Capital Investment Limited announced that Mr. Wong Yee Chue has tendered his resignation with effect from 28 February 2023 due to an increase in commitment in his professional career. Following Mr. Wong's resignation, he will also relinquish his position as member of the Audit Committee and Remuneration Committee. Based on its enquiries and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte.

Ltd., is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Wong as the Independent Non-Executive Director of the Company. The Company is in the process of looking for a suitable candidate to fill the vacancy in the Audit Committee which will arise from this cessation, and will make the necessary announcements to update the shareholders in due course.