Willas-Array Electronics (Holdings) Limited announces that Mr. Lim Lee Meng ("Mr. Lim"), one of the independent non-executive directors of the Company. (a) shall retire by rotation at the forthcoming annual general meeting of the Company to be held on July 28, 2023. (b) has notified the Company of his intention not to offer himself for re-election at the 2023 AGM.

Upon Mr. Lim's retirement, he will also cease to be the lead independent director, the chairman of the audit committee of the Company, a member of the nomination committee of the Company, a member of the remuneration committee of the Company and a member of the compliance committee of the Company. Mr. Lim shall continue in his current roles until the conclusion of the 2023 AGM, when his retirement takes effect. The Board also announces that Mr. Tang Wai Loong Kenneth ("Mr. Tang") has tendered his resignation as one of the independent non-executive directors of the Company, which will take effect on August 30, 2023, due to his belief that the Company's next phase of development should be helmed by a refreshed Board after recent significant shareholding and leadership change of the Company and his having to devote more time and attention to his personal commitments.

Accordingly, Mr. Tang will also cease to be the chairman of the nomination committee of the Company, a member of the audit committee of the Company, a member of the remuneration committee of the Company and a member of the compliance committee of the Company on the same date. To facilitate transition, Mr. Tang shall continue in his current roles until and including August 29, 2023.