Abundance International Limited announced the cessation of Francis Yau Thiam Hwa 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. Francis Yau Thiam Hwa will be stepping down as Independent Director of the Company with effect from 1 February 2024, and he will concurrently relinquish his position as Chairman of the Audit Committee, and member of the Nominating Committee and Remuneration Committee.