The Board of Directors of Shinvest Holding Ltd. together with its subsidiaries (the "Group") announcedwith regret that Dr. Chau Sik Ting ("Dr Chau"), Independent Director and Chairman of Remuneration Committee of the Company, had passed away peacefully on 8 February 2022. Mr. Loh Suan Len, an Independent Director and member of Remuneration Committee of the Company, is hereby appointed as Chairman of Remuneration Committee with immediate effect. The Nominating Committee of the Company will be reviewing the Board s succession plans and will provide further updates in due course.