The board of directors (Board) of Versalink Holdings Limited (Company) refers to the Company's announcements released earlier in relation to the cessation of Dato' Dr. Lee Chung Wah, Datuk Lim Tong Lee, Mr. Sho Kian Hin and Ms Law Pei Ling as directors of the Company ("Directors") and the re-designation of Mr. Law Kian Siong from Executive Director and Group Chief Executive Officer of the Company to Executive Director of the Company as of 19 July 2023 (the "Cessation"), and the appointment of Mr. Ge Shuming, Mr. Xue Congyan and Ms Liu Xiaohua as Directors as of 19 July 2023 (the "Appointment"). The Board considers Mr. Xue Congyan and Ms Liu Xiaohua to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist ("Catalist Rules"). Consequential to the above changes and with effect from 19 July 2023, the composition of the Board and each of the respective Board Committees of the Company shall be as follows: BOARD OF DIRECTORS: Mr. Ge Shuming (Executive Director and Chairman); Mr. Law Kian Siong (Executive Director); Mr. Xue Congyan (Independent Non-Executive Director); Ms Liu Xiaohua (Independent Non-Executive Director).

AUDIT COMMITTEE: Mr. Xue Congyan (Member); Ms Liu Xiaohua (Member). NOMINATING COMMITTEE: Mr. Xue Congyan (Chairman); Ms Liu Xiaohua (Member). REMUNERATION COMMITTEE: Ms Liu Xiaohua (Chairman); Mr. Xue Congyan (Member).

Following the Cessation and the Appointment, the Company will endeavour to fill the vacancy in the Audit Committee within two (2) months, and in any case, no later than three (3) months, in compliance with Rule 704(7) of the Catalist Rules and Section 201B of the Companies Act 1967 of Singapore, whereby the Audit Committee is to make up of a minimum number of three (3) members.