Uni-Asia Group Limited announced the cessation of Mr. Zac K. Hoshino as Senior Managing Director and Head of Shipping, effective February 28, 2023. He was director at Uni Asia Shipping Limited, Hope Bulkship S.A., Imperial Bulkship S.A., Jade Bulkship S.A., Karat Bulkship S.A., Mable Bulkship S.A., Nora Bulkship S.A., Uni Ships and Management Limited, Olive Bulkship S.A., Polaris Bulkship S.A., Quest Bulkship S.A., Fulgida Bulkship S.A., Florida Containership S.A., Joule Asset Management (Pte.) Ltd. and Prosperity Containership S.A. He is a director at Wealth Ocean Ship Management (Shanghai) Co. Ltd. From 1 March 2023, he will be appointed as an Advisor to the Group's Shipping business and will be based in Japan.

In his capacity as an Advisor, he will continue his position as a director and President of subsidiary, Wealth Ocean Ship Management (Shanghai) Co. Ltd.