The Board of Directors of Aspial Corporation Limited announce the cessation of Mr. Wong Soon Yum ("Mr Wong") as Lead Independent Director at the conclusion of the Annual General Meeting held on 29 April 2024. Following his cessation, Mr. Wong relinquished his positions as Chairman of the Audit Committee, a member of the Nominating Committee and Remuneration Committee. The Board expresses its appreciation to Mr. Wong for his dedication and invaluable contribution during his tenure of service.

Reason For Cessation: Mr. Wong has been serving as an Independent Director of the Company for more than nine (9) years since his appointment. In compliance with the amended Rule 210(5)(d)(iv) of the Singapore Exchange Securities Trading Limited, which prescribed a nine-year tenure limit for independent directors. Mr. Wong has decided to step down as an Independent Director of the Company upon the conclusion of the Annual General Meeting on 29 April 2024.

Role And Responsibilities: Lead Independent Director, Chairman of the Audit Committee, Member of the Remuneration Committee and Nominating Committee.