The Board of Directors of Y Ventures Group Ltd. announced the following changes in the composition of the Board and Board Committees of the Company: Mr. Goh Cher Shua ("Mr. Goh") has tendered his resignation as an Independent Director of the Company on 30 July 2021 and the effective date of his cessation as an Independent Director of the Company be 15 August 2021. Mr. Tan Chade Phang ("Mr. Roger Tan") will be appointed as an Independent Director of the Company with effect from 1 August 2021. Reconstitution of the Board and Board Committees: Mr. Goh will also relinquish his position as Chairman of the Audit Committee, and member of the Nominating and Remuneration Committees of the Company, with effect from 15 August 2021. Mr. Roger Tan will be appointed as Chairman of the Audit Committee, and member of the Nominating and Remuneration Committees of the Company, with effect from 16 August 2021.