Captii Limited Announces Cessation of Chuah Seong Phaik as Independent Director, Chairman of the Audit and Nominating Committees, Member of the Remuneration Committee

Captii Limited announced cessation of Chuah Seong Phaik as Independent Director, Chairman of the Audit and Nominating Committees, Member of the Remuneration Committee. Captii Limited - Empire Business Systems Sdn Bhd - Empire Realty Sdn Bhd - PCCO Management Sdn Bhd - PCCO Tax Services Sdn Bhd - Sin Ban Hin Sdn Bhd - Teong Hak Development Sdn Bhd - Stelpa Sendirian Berhad - PCCO PLT. Cessation Mr. Chuah Seong Phaik ("Mr Chuah") has served as Independent Director of the Company beyond 9 years from the date of his first appointment.

In compliance with the Listing Rule 210(5)(d)(iv), which imposed a hard tenure limit for independent directors of 9 years and to facilitate board renewal, Mr. Chuah will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting to be held on 24 April 2024. Concurrently, Mr. Chuah will relinquish his position as Chairman of the Audit and Nominating Committees and a member of the Remuneration Committee.