The Board of Chevalier International Holdings Limited announced that Mr. Yang Chuen Liang, Charles (Mr. Yang), an Independent Non-Executive Director of the Company, did not seek for re-election at the AGM held on August 28, 2023, and he retired as the Independent Non-Executive Director of the Company with effect from the conclusion of the AGM. Mr. Yang has confirmed that he has no disagreement with the Board and there is no matter in relation to his retirement from the Board that needs to be brought to the attention of the Shareholders. Accordingly, he also ceased to be the chairman of the Audit Committee, a member of each of the Remuneration Committee and the Nomination Committee.