The board of directors of ASM Pacific Technology Limited announced that Mr. Lee Wai Kwong has decided to retire as the Chief Executive Officer of the Company, to be effective at the conclusion of the next annual general meeting of the Company that is expected to be held in May 2020. Mr. Lee has confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of holders of securities of the Company. Mr. Robin Gerard Ng Cher Tat the current Chief Financial Officer and Executive Director of the company, shall succeed Mr. Lee as the Company's Chief Executive Officer.

In the meantime, the Company is in the course of identifying a suitable candidate to act as its Chief Financial Officer upon Mr. Ng's appointment as Chief Executive Officer and a further announcement will be made as and when appropriate.