Medinex Limited announced that Ms. Low Siam Kiang has relinquished her position as the Financial Controller of the Company, but will remain in the Group and will be re-designated as the Chief Integration Officer of the Company with effect from 9 June 2022, following the appointment of the Chief Financial Officer of the Company on 24 May 2022. Accordingly, she will assume new responsibilities of integrating the various processes, systems and policies across the Group. Upon the re-designation, Ms. Low will no longer be a key executive officer of the Company.

After having interviewed Ms. Low and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no material reasons for the re-designation of Ms. Low as the Chief Integration Officer of the Company.