Novus Holdings Limited announced that the Board is in the process of reviewing its composition to ensure that it is fit for purpose and will consider the vacancy to be filled upon Mr. Dennis Mack's retirement by rotation as an independent non-executive director from the Board and Chairman of the Audit and Risk Committee at the upcoming Annual General Meeting on 27 August 2021. Accordingly, Mr. Adrian Zetler, an alternate non-executive director appointed to the Board on 17 May 2021, has been appointed as a non-executive director and a member of the Audit and Risk Committee with effect from 27 August 2021. Mr. Abduraghman Mayman, currently an independent non-executive director and a member of the Audit and Risk Committee, will replace Mr. Mack as Chairman of the Audit and Risk Committee with effect from 27 August 2021.