Astaka Holdings Limited announced that Mr. Neo Gim Kiong ("Mr. Neo") has retired as the Non-Executive Chairman and Independent Director on 5 February 2020 after the conclusion of the AGM held on February 5, 2020. He shall also relinquish his position as the Chairman of the Nominating Committee ("NC") and a member of the Audit Committee ("AC") and the Remuneration Committee ("RC") respectively. Mr. San Meng Chee ("Mr. San") has retired as an Independent Director on 5 February 2020 after the conclusion of the AGM. He shall also relinquish his position as the Chairman of the RC and a member of the NC and AC respectively. Following the above-mentioned changes, the Board of Directors of the Company would like to announce that Mr. Lai Kuan Loong, Victor, who was re-elected as a Director of the Company, remains as an Independent Director of the Company and member of the AC, and will be appointed as the interim Non-Executive Chairman of the Board, and the Chairman of the RC and NC with effect from 5 February 2020.