NauticAWT Limited announced resignation of Dr. Kunchit Singsuwan as Independent Director. Dr. Kunchit Singsuwan has tendered his resignation with effect from March 16, 2022 due to an increase in commitment in his professional career. Following Dr. Kunchit Singsuwan's resignation, will also relinquish his position as the chairman of remuneration committee, member of audit committee and nominating committee.

Based on its enquiries, the company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Dr. Kunchit Singsuwan as an independent director of the company. The company is in the process of looking for a suitable candidate to fill the vacancy in the audit committee to meet the requirement of a minimum number of not less than three members.