Versalink Holdings Limited announced that effective 8 March 2022, the company announced re-designation of Dato' Lee Chung Wah as the Independent Non-Executive Chairman of the Company to an Executive Director of the Company. Following the Re-designation, Dato' Lee Chung Wah will cease to be the Chairman of the Nominating Committee of the Company ("NC") as well as a member of the Audit Committee and the Remuneration Committee of the Company. The appointment of Datuk Lim Tong Lee, an Independent Non-Executive Director of the Company and a member of the NC, as the Independent Non-Executive Chairman of the Board and the Chairman of the NC; and the cessation of Mr. Law Kian Guan as an Executive Director of the Company (the "Cessation").

Mr. Law Kian Guan will remain as a key executive officer of the Company with no changes to his day-to-day responsibilities in his executive role in the Company.