NauticAWT Limited announced the Cessation of Dr. Chirasak Chiyachantana as Non-Independent Non-Executive Chairman. Reason For Cessation: Dr. Chirasak Chiyachantana ("Dr Chirasak") has tendered his resignation with effect from 23 November 2023 in light of the SEC Complaint as set out in the Company's announcement dated 20 November 2023. Based on its enquiries, 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 resignation of Dr. Chirasak as a Non-Independent Non-Executive Chairman of the Company.