Viking Offshore and Marine Limited announced that Ng Yeau Chong tendered his resignation as the Chief Executive Officer of the Company on 17 May 2022 in view that the Company is diversifying into new businesses, which has been approved by shareholders of the Company during the extraordinary general meeting of the Company held on 6 May 2022. The board of directors of the Company, having considered that the Company has identified and appointed a new CEO, had on mutual agreement with Mr. Ng, agreed that he shall cease as CEO with effect from June 1, 2022. Notwithstanding the Resignation, Mr. Ng shall remain as an employee of the Company and will continue to manage the operations and businesses of certain subsidiaries of the Company that are in the offshore and marine industry.

After having interviewed Mr. Ng and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the Resignation. The Company has appointed a new CEO and the announcement will be released by the Company separately.

Please refer to the aforesaid announcement for more information on the appointment of a new CEO.