Natural Cool Holdings Limited announced the retirement of Goh Teck Sia as Independent Non-Executive Director, Chairman of the Board and Remuneration Committee, Member of the Audit and Risk Committee and Nominating Committee. Mr. Goh Teck Sia will retire as an Independent Non-Executive Director of the Company on 27 April 2023 to pursue personal commitments such as his involvement in voluntary work with the Singapore Police Retirees' Association. Further to Mr. Goh's retirement as an Independent Non-Executive Director, he will also relinquish his position as Chairman of the Board and Remuneration Committee, as well as Member of the Audit and Risk Committee and the Nominating Committee.

After having interviewed Mr. Goh and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Goh as the Independent Director of the Company.