Y Ventures Group Ltd. announced Ms. Lam May Yih ("Ms Lam") tendered her resignation as Chief Financial Officer of the Company to pursue personal interest and/or other opportunities. She serves a notice period of 4 months and her last day with the Company will be 31 October 2023. In the interim period, Ms Lam will be working closely with the Management and Group's finance team, in particular, Mr. Teo Sau Hong ("Mr Teo"), the Financial Controller to ensure a smooth transition and handover of her duties.

Mr. Teo will fully assume the duties of Ms Lam as an Executive Officer of the Company once she has completed serving her notice. In addition, Ms Lam has confirmed that there were no concerns regarding the financial reporting that led to her departure and there are no disagreements between Ms Lam and the board of directors with regard to practices that will have a material impact on the Group's financial reporting. Based on its enquiries, the Company's Sponsor, RHT Capital Pte.

Ltd., is satisfied that, saved as disclosed in this announcement, there is no other material reason for the resignation of Ms Lam as the Chief Financial Officer of the Company. After reviewing the recommendation of the Audit Committee and Nominating Committee, the Board of Directors of the Company approved Mr. Teo Sau Hong ("Mr Teo"), the current Financial Controller of the Group (effective since 1 June 2023) as an Executive Officer for the replacement of the out-going Chief Financial Officer, with effect from 1 November 2023. Role And Responsibilities: Executive.

Mr. Teo is responsible for finance, accounting, taxation and compliance matters relating of the Group. Working Experience: June 2023 to present: Y Ventures Group Limited - Financial Controller Sep 2021 to May 2023: Y Ventures Group Limited - Finance Manager Jun 2019 to Aug. 2021: was Engineering & Fabrication Pte Ltd. - Assistant Finance Manager Jul 2018 to Jun 2019: Y Ventures Group Limited - Assistant Finance Manager Aug.

2014 to Jul 2018: Baker Tilly TFW LLP - Assistant Audit Manager Jul 2013 to Jul 2014: Robert Tan & Co - Audit Senior. Professional Qualifications: 1. The Institute of Singapore Chartered Accountants (ISCA) 2. The Association of Chartered Certified Accountants (ACCA).