Meta Health Limited announced the Cessation of Mr. Chua Kheng Choon as Senior Vice President of Engineering. Following his re-designation in June 2022, Mr. Chua Kheng Choon ("Mr. Chua") was appointed as Senior Vice President of Engineering, in charge of the operations of the metal business of the Group, which is carried out by MCE Technologies Sdn Bhd, MCE Thailand Co. Ltd. and MCE Technologies (Suzhou) Co.

Ltd. ("MCE Suzhou"), wholly-owned subsidiaries of the Company in Malaysia, Thailand and China, respectively. In November 2023, the Company completed the disposal of MCE Technologies Sdn Bhd and MCT Thailand Co. Ltd. following the approval of its shareholders at an extraordinary general meeting held by the Company.

In December 2023, the Company's shareholders approved the disposal of MCE Suzhou at an extraordinary general meeting convened by the Company. The Company is currently in the midst of completing the disposal of MCE Suzhou. In view that the Company no longer has any more metal business following the aforementioned disposals, Mr. Chua will no longer be regarded as an Executive Officer of the Company.

For the avoidance of doubt, Mr. Chua remains as an employee of the Group and will continue to assist with the completion of the disposal of MCE Suzhou, as well as the handover of the business and operations of MCE Suzhou to the vendor. After having interviewed Mr. Chua and to the best of its knowledge, the Company's sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chua as an Executive Officer of the Company.