AsiaFIN Holdings Corp. on June 19, 2024,in a Board Meeting the Company?s board of directors (the ?Board?) unanimously resolved to appoint Louis Ramesh Ruben (?Dr. Ramesh?) and Shibu Chacko Jacob Vadaketh (?Mr. Shibu?) as independent directors to the Board. Both Dr. Ramesh and Mr. Shibu will serve on the Company?s Audit Committee.

Dr. Ramesh will serve as chairman of the Audit Committee effective July 1, 2024. Dr. Ramesh is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), a fellow member of Association of Chartered Certified Accountants (FCCA), a chartered member of the Institute of Internal Auditors, as well as a Certified Financial Planner. Dr. Ramesh has over 25 years of experience in accounting, auditing and risk management ranging from large public listed companies to multinational corporations, government agencies as well as SME?s in a spectrum of industries including plantation, property development, manufacturing, trading, IT, shipping, retailing, etc.

He started his career at Arthur Andersen, and subsequently moved to BDO. He also has experience in corporate finance with Southern Investment Bank Berhad. Dr. Ramesh has hands-on experience on other corporate exercises such as due diligence, IPO?s, issuance of bonds, corporate & debt restructuring and investigative audit.

His training and advisory experience includes topics on Internal & Statutory Auditing, Public Sector/Government Audits, Value-for-Money Audits, ISQM 1, Risk Management & Internal Controls, Review and Assurance Engagements such as Financial Due Diligence, Forecasts & Projections, Forensic & Fraud Accounting/Auditing, as well as practical application of International Financial Reporting Standards (?IFRS?), Reporting Standards for SMEs (MPERS/PERS) and public sector accounting standards (IPSAS/MPSAS). He has facilitated training and provided advisory for public accountants across Asia Pacific, multinationals and public sector institutions. Dr. Ramesh is a certified trainer by the Human Resource Development Fund (HRDF), Ministry of Human Resources Malaysia.

Dr. Ramesh graduated from National University of Malaysia with a bachelor?s degree in Accounting. He earned an MBA from the University of Strathclyde, United Kingdom, graduated with a distinction in 2012. He obtained his Doctor of Philosophy (Phd) from University of Malaya.

As compensation for services as an independent director, Dr. Ramesh shall receive a monthly fee of $500 in cash payable monthly, commencing on July 1, 2024. Mr. Shibu is a seasoned executive with extensive experience in executive management, entrepreneurship, and government relations across the United States, Asia, Australia, and Europe. With over 30 years of senior-level expertise in strategic planning, P&L management, mergers and acquisitions, and business technology, he has successfully led hardware and software consulting firms and managed software development projects.

Currently a Technology Fellow at Asia School of Business in Collaboration with MIT Sloan, Mr. Shibu focuses on fostering entrepreneurship through pre-incubator and accelerator programs for ASEAN startups. He co-founded Capital Path in 2017, a boutique advisory firm specializing in corporate strategy, M&A, and technology audits, and serves as Advisor & Country Coordinator for PFAN. Previously, he directed venture building initiatives at Taylors University and led strategic business development at Malaysia Digital Economy Corporation.

Mr. Shibu holds an Executive Education (Competitive Business Leadership Program), Master of Science in Biomedical Engineering and Bachelor of Science in Mechanical Engineering all from the University of Texas, Austin. As compensation for services as an independent director, Mr. Shibu shall receive a monthly fee of $500 in cash payable monthly, commencing on July 1, 2024.