IPS Securex Holdings Limited announced resignation of Kelvin Lim Ching Song as Chief Executive Officer. Role And Responsibilities: Executive. Responsible for overall business development, strategic planning and operations of the Group.

Reason For Cessation: Mr. Kelvin Lim Ching Song ("Mr. Lim") has tendered his resignation as the Executive Director ("ED") and Chief Executive Officer ("CEO") of IPS Securex Holdings Limited (the "Company"). He has decided to resign from his position to pursue personal interests and spend more quality time with family. Under the terms of his employment, unless otherwise agreed, Mr. Lim is required to serve a notice period till 3 November 2024.

The effective date of Mr. Lim's cessation as the ED and CEO will be announced as soon as it has been determined. Mr. Lim will remain as the ED and CEO until the effective date of his cessation and will be working closely with the Board of Directors of the Company to ensure a smooth transition. An announcement will be made when the new CEO has been appointed.

After having interviewed Mr. Lim and save for the Company's search for a successor to Mr. Lim, to the best of its knowledge, the Sponsor is not aware of any material adverse developments relating to the Group arising from the cessation of Mr. Lim as the ED and CEO of the Company. Other DirectorShips Present: IPS Securex Pte. Ltd. IPS Securex (B) Sdn Bhd (Brunei) Securex GS Pte.

Ltd. Mr. Lim will step down from the directorship of these subsidiaries same time as his cessation date as the ED and CEO of the Company.