The Board of Directors (the "Board") of Chaswood Resources Holdings Ltd. announced that Mr. Ng Teck Wah has resigned as the Non-Independent Non-Executive Chairman of the Board with effect from 11 January 2023 and concurrently relinquished his positions as a member of the Audit, Nominating and Remuneration Committees, with effect from the same date. The Board would like to express its appreciation to Mr. Ng for his efforts and contributions during his tenure with the Company. Consequent to the above resignation, the Board and Board Committees will comprise the following directors/members: Board of Directors Mr. Andrew Roach Reddy - Executive Director and Managing Director and Mr. Chong Ming Jun - Independent Non-Executive Director.

Audit Committee: Mr. Chong Ming Jun (Member). Remuneration Committee: Mr. Chong Ming Jun (Chairman). Nominating Committee: Mr. Chong Ming Jun (Chairman).