The board of directors of Wasion Holdings Limited announced the retirement of Mr. Cheng Shi Jie as an independent non-executive director of the Company. As noted in the Circular, Mr. Cheng Shi Jie (``Mr. Cheng'') has elected not to offer himself for re-election following his retirement pursuant to Article 87 of the articles of association of the Company. Accordingly, Mr. Cheng has retired as an independent non-executive director and ceased to be a member of the audit committee and a member of the internal control and risk management committee of the Company with effect from the conclusion of the annual general meeting held on 1 June 2022.