The Board of Directors of Pharmesis International Ltd. announced the following: Mr. Chay Kwok Kee ("Mr. Chay") has tendered his resignation as the Independent Non- Executive Director ("INED") of the Company due to his health and medical conditions. The resignation of Mr. Chay as INED of the Company will take effect on 30 September 2023. Consequent to his resignation, Mr. Chay shall cease to be a member of the Audit Committee, Nominating Committee and Remuneration Committee.

Mr. Seow Yong Teng ("Mr. Seow") has been appointed as an Independent Non-Executive Director and a member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company with effect from 1 October 2023. Working Experience: December 2022 to Current: Chief Financial Officer, Nexif Ratch Investments Pte Ltd. August 2015 to December 2022: Executive Vice President, Finance & Accounting, Nexif Energy Management Pte Ltd. October 2012 to August 2015: Director, Finance, Nexif Infraco Management Pte Ltd. Directorships: Nexif Ratch Energy SE Asia Pte Ltd. Nexif Energy Song Giang Pte Ltd. Nexif Energy BT Pte Ltd. Nexif Energy Philippines Pte Ltd. Nexif Energy Vinh Hai (Singapore) Pte Ltd. Nexif Energy Thailand Pte Ltd. NRE VN Hydro Pte Ltd. Other Principal Commitment: Chief Financial Officer, Nexif Ratch Investments Pte Ltd. Professional Qualifications: Chartered Accountant of Singapore with the Institute of Singapore Chartered Accountants 2. Member of Singapore Institute of Directors. Consequent to the aforesaid appointment, the new composition of the Board and Board Committees shall be as follows: Board of Directors: Wu Xuedan - Executive Director and Chief Executive Officer; Chew Heng Ching - Independent Non-Executive Chairman; Seow Yong Teng - Independent Non-Executive Director; Yin Limin - Non-Independent Non-Executive Director.

Audit Committee: Chew Heng Ching -Chairman; Yin Limin ? Member; Seow Yong Teng - Member. Nominating Committee: Chew Heng Ching ?

Chairman; Wu Xuedan ? Member; Seow Yong Teng ? Member; Remuneration Committee: Chew Heng Ching ?

Chairman; Seow Yong Teng ? Member.