Design Studio Group Ltd. announced that following the resignation of Mr. Edgar Ramani as Executive Director and Chief Executive Officer of the Company, the Board, having considered the recommendation of the Nominating Committee, approved the re-designation of Mr. Steven James Salo from Non-Executive Director to Executive Director and his appointment as Interim Chief
Executive Officer. Mr. Salo accordingly ceased as a member of the Audit Committee. Mr. Salo is currently working as Group Chief Financial Officer of Depa PLC and was appointed as a Non-Executive Director of the Company on 26 April 2019. Mr. Salo has experience in both operational turnarounds and restructurings and will lead the Company on an interim basis until a permanent Chief Executive Officer is identified and appointed.