Rex International Holding Limited announced that as part of the board renewal process, Dr Karl has indicated to the Board of Directors that he will not be seeking for re-election at the forthcoming annual general meeting to be held on 25 April 2024 ("AGM"). Dr Karl will accordingly retire as an Executive Director of the Company upon conclusion of the AGM. Concurrently, he will also cease as a member of Nominating Committee of the Company on 25 April 2024.