The board of directors of Anacle Systems Limited announced that Mr. Elango Subramanian (‘Mr. Subramanian’) and Mr. Li Man Wai (‘Mr. Li’), both the independent non-executive Directors (the ‘INEDs’), shall retire by rotation at the forthcoming annual general meeting of the Company to be held on 29 September 2021 (the ‘AGM’) in accordance with the constitution of the Company (the ‘Constitution’). Each of Mr. Subramanian and Mr. Li, though being eligible, will not seek for re-election as an INED in order to devote more time on each of his other business commitments and will therefore retire as an INED immediately after the conclusion of the AGM (the ‘Retirements’). Upon the Retirement, (i) Mr. Subramanian will cease to be a member of each of the Board's audit committee (the ‘Audit Committee’) and nomination committee (the ‘Nomination Committee’) and (ii) Mr. Li will cease to be the chairman of the Audit Committee and a member of the Board's remuneration committee (the ‘Remuneration Committee’), all with effect from the conclusion of the AGM.