Addvalue Technologies Ltd. accepted the recommendation by the NC for the planned rotation of the positions of Executive Directors as proposed by Dr. Colin Chan, Chairman & CEO, for Mr. Tan Khai Pang to be appointed as CEO of the Company with effect from 1 January 2022. Mr. Tan, one of the co-founders, has over 30 years of experience in product development and project management in the field of telecommunications. Appointment Date is 1 January 2022.