Plato Capital Limited announced Retirement of Mr. Chong Huai Seng as Non-Executive Independent Director of the Company on 26 April 2024. Role And Responsibilities; Carry out the responsibilities of an Independent Director, Chairman of the Nominating Committee and Remuneration Committee and Member of the Audit Committee. Job Title; Non-Executive Independent Director - Chairman of the Nominating Committee - Chairman of the Remuneration Committee - Member of the Audit Committee.

Other DirectorShips Past; Eastwood Way Pte Ltd. - One In Shoes Pte. Ltd. - ID Capital Pte. Ltd. - The China Art Foundation (BVI).

Other DirectorShips Present; Leading HR Pte. Ltd. - The Culture Story Pte. Ltd. - The Red Pencil (Singapore) - The Artling Pte.

Ltd. - Plato Private Limited - Family Office For Art Private Limited. Reason For Cessation; Mr. Chong has served on the Board of Directors (the "Board") of the Company beyond nine years. In line with the Singapore Exchange Securities Trading Limited Catalist Listing Rules' hard coded 9-year limit for independent director to serve on the board of listed companies and to facilitate Board's renewal in the Company, Mr. Chong has decided to retire from the Board of the Company.

After having interviewed Mr. Chong and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Chong as Non-Executive Independent Director of the Company.