Megachem Limited announced that cessation of Tan Bock Chia as Non-Executive Non-Independent Director. Other DirectorShips Past includes Listed Megachem Limited Megachem (Thailand) PCL Non-listed Megachem Manufacturing Pte Ltd. Megachem Raya Pte Ltd, Megachem (Shanghai) Pte Ltd. C.N. Chemicals Sdn. Bhd.

P.T. Mega Kemiraya Megachem Plus Limited Megachem Phils., Inc, Megachem International Trading (Shanghai) Co. Ltd. Megachem (UK) Ltd. Megachem Middle East FZE Megachem Vietnam, Company Limited Megachem Specialty Chemicals (I) Private Limited Megachem Australia Pty Ltd. (formerly known as MG Chemicals (Australia) Pty Ltd), Mr. Tan Bock Chia will retire at the upcoming Annual General Meeting to be held on 19 April 2023. As at the date of this announcement, the Company's Sponsor, SAC Capital Private Limited, despite several attempts, has not been able to conduct an exit interview with Mr. Tan.

The Company has not been able to obtain Mr. Tan's confirmation on the contents of this announcement as well and accordingly, the Company has prepared this announcement based on information available to the Company. In particular, the Company has assumed and indicated negative responses to the queries in this announcement relating to (i) any unresolved differences in opinion on material matters between the person and the board of directors; (ii) any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer; and (iii) any other relevant information to be provided to shareholders of the listed issuer. The Sponsor, together with the Company, will nevertheless address any new material information relating to this cessation of Mr. Tan that is made known to it after the date of this announcement.

Shareholders will be updated of such material information, if deemed necessary.