Abundance International Limited announced the cessation of Chan Cher Boon as Independent Director of the company. To comply with Rule 406(3)(d)(iv) of the SGX Listing Manual (9 year independence rule) and to facilitate the renewal of Independent Directors on the Board, Mr. Chan Cher Boon will be stepping down as Lead Independent Director of the Company with effect from 1 February 2024, and he will concurrently relinquish his position as Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee.