The Board of Directors of OIO Holdings Limited announcement dated 27 April 2023 relating to the cessation of Mr. Fan Chee Seng ("Mr Fan") as the Executive Chairman of the Company at the conclusion of the Company's Annual General Meeting ("AGM") held on 27 April 2023. The Board, considered and accepted the recommendation of the Nominating Committee ("NC") to re-designate Mr. Yusaku Mishima ("Mr Mishima") as the Executive Chairman with effect from 8 August 2023 after reviewing his extensive and in-depth knowledge of the Blockchain industry and is of the view that Mr. Mishima is well equipped to lead the Group's business and operations and be responsible for the effective function of the Board and charting the strategic direction of the Group. Accordingly, the composition of the Board shall be as follows: Board of Directors: Mr. Yusaku Mishima ­ Executive Chairman; Mr. Foo Kia Juah ­ Lead Independent Non-Executive Director; Mr. Chong Kah Nam - Independent Non-Executive Director; Mr. Tee Hian Chong - Independent Non-Executive Director.

The composition of the Board Committees remained unchanged.