Sysma Holdings Limited announced that Chen Timothy Teck-Leng @ Chen Teck Leng has withdrawn his consent to seek for re-election as Director of the company and he retires by rotation at the conclusion of the Annual General Meeting of the company held on 27 November 2020. Mr. Chen has informed the company that he needs to devote more time in pursuing other business opportunities. After having interviewed Mr. Chen and to the best of its knowledge, the company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chen as the Independent Non-Executive Director of the company.