On July 11, 2022, each of Christian Jason Chan and Dwi Prasetyo Suseno informed the Board of Directors (the “Board”) of Malacca Straits Acquisition Company Limited, of his intention to resign as the a director of the Company effective immediately. Neither of their resignations was due to any disagreement with the Company. To fill the vacancy created by the resignations of Mr. Chan and Mr. Suseno, on July 11, 2022, the Board appointed each of Vince Ming Shu Leung and Eugene TY Tan to serve as a member of the Board, a member of the audit committee and a member of the compensation committee, effectively immediately.

Mr. Leung was appointed to serve as the Chairman of the audit committee of the Company and Mr. Tan was appointed to serve as the Chairman of the compensation committee. The Board has determined that both of Mr. Leung and Mr. Tan are financially literate and that Mr. Leung qualifies as an “audit committee financial expert” as defined in applicable Securities and Exchange Commission rules and has accounting or related financial management expertise. Mr. Vince Ming Shu Leung, age 46, has been the group Chief Financial Officer, a member of strategy committee of 58 Group, a leading classified information internet platform in China and managing partner of 58 Industry Fund, an investment fund under 58.com Inc., where he is mainly responsible for overseeing overall financial and legal functions and strategic investment and management of the 58 Industry Fund, since April 2021.

He has been serving as a founding and managing partner at Harmony Capital, a family office PE fund with a focus on internet and consumer sectors in China, since February 2017. From January 2013 to January 2017, Mr. Leung served as Chief Financial Officer of Visual China Group, a company mainly engaged in the image licensing businesses and a public company listed on the Main Board of the Shenzhen Stock Exchange. From January 2008 to December 2012, Mr. Leung served as the Chief Financial Officer of China ITS (Holdings) Co.

Ltd., a Hong Kong listed company mainly engaged in the provision of intelligent transportation solutions covering expressway, railway and urban traffic sectors. From February 2003 to March 2006, he served as a senior manager in the mergers and acquisitions department and subsequently as Chief Financial Officer at CDC Corporation, a Nasdaq and Hong Kong listed group. From October 1999 to December 2000, Mr. Leung served as a senior consultant at Arthur Andersen & Co, where he was mainly responsible for providing business consultancy services.

From September 1998 to August 1999, he was an auditor at PricewaterhouseCoopers. Since May 2022, Mr. Leung has been serving as an independent non-executive director at Jiu Zun Digital Interactive Entertainment Group Holdings Limited, a company mainly engaged in the provision of mobile gaming solutions and a public company listed on the Main Board of the Hong Kong Stock Exchange. Since December 2019, Mr. Leung has been serving as an independent non-executive director at Renrui Human Resources Technology Holdings Limited, a company mainly engaged in the provision of human resources services and a company listed on the Main Board of the Hong Kong Stock Exchange.

Since March 2017, he has been serving as an independent non-executive director at Sun.King Technology Group Limited, a company mainly engaged in the provision of power electron capacitor and a public company listed on the Main Board of the Hong Kong Stock Exchange. Since February 2013, Mr. Leung has been serving as an independent non-executive director at Cabbeen Fashion Limited, a menswear outfit brand in China and a public company listed on the Main Board of the Hong Kong Stock Exchange. Mr. Leung has been a Fellow Member of Association of Chartered Certified Accountants and the Fellow Member of the Hong Kong Institute of Certified Public Accountants since February 2007 and June 2010, respectively.

Mr. Leung obtained a First Class Honor bachelor's degree in accounting from the City University of Hong Kong and a master's degree in accounting from The Chinese University of Hong Kong. Mr. Leung is well-qualified to serve on the Board due to his expertise in corporate finance and management and his extensive experience with public companies.