UG Healthcare Corporation Limited announced cessation Vincent Leow as Independent Non-Executive Director Chairman of Nominating Committee Member of Audit Committee Member of Remuneration Committee. Mr. Vincent Leow is due to retire at the Annual General Meeting ("AGM") of the Company to be held on 30 October 2023 pursuant to Regulation 104 of the Company's Constitution. He has decided not to seek for re-election and subsequent to the conclusion of the forthcoming AGM, will retire as Independent Non-Executive Director of the Company.

He will relinquish his role as Chairman of the Nominating Committee and member of the Audit and Remuneration Committees upon his retirement. The Sponsor, after having interviewed Mr. Vincent Leow, is satisfied that, save as disclosed in this announcement, there are no other material reasons for his retirement as Independent Non-Executive Director of the Company.