Megachem Limited announced retirement of Tay Kin Bee as Independent Director. Role And Responsibilities: Independent Director, Chairman of the Remuneration Committee as well as a member of the Audit Committee. Reason For Cessation: Dr Tay Kin Bee will retire from office at the Annual General Meeting of the Company to be held on 19 April 2024.

He will relinquish his position as Independent Director, Chairman of the Remuneration Committee, and a member of the Audit Committee. After having interviewed Dr Tay and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Dr Tay as an Independent Director of the Company.