AustAsia Group Ltd. announced that at its AGM held on June 5, 2024, Mr. HIRATA Toshiyuki ("Mr. Hirata"), a non-executive Director who has offered himself for retirement by rotation at the AGM, has retired from the Board following the conclusion of the AGM. He has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the Shareholders. The Board announce that at the AGM, Mr. Tamotsu MATSUI ("Mr. Matsui") has been appointed as a non-executive Director by Shareholders with effect from the conclusion of the AGM.

Mr. Matsui will replace Mr. Hirata as a member of the Audit Committee at the conclusion of the AGM.