Progen Holdings Ltd. announced with great sadness that Dr. Tan Eng Liang ("Dr Tan"), Independent Director and Non-Executive Chairman, passed away peacefully on 28 May 2023. On behalf of all staff of the Company, the Board expresses its deepest sorrow over the death of Dr. Tan and conveys its condolences to his family. The Board also expresses its heartfelt gratitude and appreciation for the invaluable contributions to the Group by Dr. Tan for the last 25 years.

Following Dr. Tan's demise, the Board has, during this transition period, appointed Mr. Chee Wai Pong, Independent and Non-Executive Director, as acting Chairman. The Nominating Committee will be reviewing the composition of the Board and will provide further updates in due course.