Addvalue Technologies Ltd. announced retirement of Mr. Michael J Butler as Independent Non-Executive Director, Chairman of Nominating Committee, Member of the Audit Committee and the Remuneration Committee. Pursuant to SGX listing rule and Article 104 of the Constitution, Mr. Michael Butler, who has served the Board for more than 9 years as an Independent Director and would not perceived to be independent. Hence, Mr. Butler does not wish to seek re-election. Following his retirement as an Independent Non-Executive Director, he will cease to be the Chairman of the Nominating Committee and member of the Remuneration Committee and Audit Committee with effect from the close of the Annual General Meeting on 29 September 2021.