Southern Packaging Group Limited announced the retirement of Yeung Koon Sang @ David Yeung as Lead Independent Director of the company. Mr. Yeung Koon Sang @ David Yeung ("Mr David Yeung") has served on the Board for more than 9 years since his appointment as a Director of the Company on 23 September 2004. As part of the Board renewal process and to comply with Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr. David Yeung has indicated to the Board that he will not be seeking for re-election at the forthcoming Annual General Meeting to be held on 29 April 2024 ("AGM").

He will accordingly retire as an Independent Director of the Company upon conclusion of the AGM. Concurrently, Mr. David Yeung will also cease as the Chairman of Audit and Remuneration Committees and member of the Nominating Committee on 29 April 2024.