The board of directors of ZACD Group Ltd. announced the following changes of the Board. Pursuant to Article 113 of the Constitution of the Company, Mr. Kong Chi Mo and Dato' Dr. Sim Mong Keang shall retire from office by rotation at the forthcoming Annual General Meeting of the Company. They have informed the Board that they will not offer themselves for re-election at the forthcoming AGM as they would like to devote more time to pursuing their personal commitments.

Accordingly, with effect from the conclusion of the forthcoming AGM, (i) Mr. Kong will retire as an independent non-executive Director and also cease to be the Chairman of the Audit Committee and a member of each of the Nomination Committee and Remuneration Committee; and (i) Dato' Sim will retire as an independent non-executive Director and also cease to be the Chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee.