Y Ventures Group Ltd. announced the Retirement of Ng Tiong Gee as Independent Director Audit Committee Member, Nominating Committee Member and Remuneration Committee Member of the company. Reason For Cessation: Mr. Ng Tiong Gee ("Mr Ng") is subject to retirement pursuant to Regulation 117 of the Company's Constitution at the Company's forthcoming Annual General Meeting for the Financial Year Ended 31 December 2023 to be held on 22 April 2024 (the "AGM"). Mr. Ng has decided not to seek re-election at the AGM and his retirement from the Board as an Independent Director of the Company will take effect upon the conclusion of the AGM.

Following Mr. Ng's retirement as an Independent Director of the Company, he shall cease to be a Member of the Audit Committee, Nominating Committee, and Remuneration Committee, effective at the conclusion of the AGM. Based on its enquiries, the Sponsor is satisfied that, save as disclosed in this announcement of cessation, there are no other material reasons for the retirement of Mr. Ng as an Independent Director of the Company.