ZICO Holdings Inc. announced the retirement of John Lim Yew Kong as Independent Chairman Chairman of Audit and Risk Committee Member of Nominating Committee Chairman of the Remuneration Committee. Reason for cessation: As Mr. John Lim Yew Kong ("Mr. John") has served as an Independent Director of the Company for more than nine years from the date of his first appointment on 7 August 2014, he will cease to be independent pursuant to Rule 406(3)(d) of the Catalist Rules which took effect from 1 January 2023. Mr. John therefore will be retiring and will not seek re-election as a director of the Company at the AGM.

Upon retirement, Mr. John will also relinquish his position as the Independent Chairman of the Board, the Chairman of Audit and Risk Committee and Remuneration Committee as well as the member of Nominating Committee. The Board of Directors express its gratitude and appreciation to Mr. John for his invaluable contributions during his tenure as the director of the Company over the past nine years. Information relating to the re-designation of Independent Chairman and the re-composition of the Board Committees will be released in a separate announcement.