On October 13, 2021, Sunny Siu informed ACE Convergence Acquisition Corp. of his decision to resign from the board of directors of the Company and as President of the Company, effective as of October 13, 2021. Mr. Siu had served as a member of the Company's board of directors since July 2020, and as President of the Company since May 2020. Mr. Siu's resignation was not the result of any disagreement with the Company on any matter related to the Company's operations, policies or practices.