VCPlus Limited announced cessation of Mr. Chong Heng Loong as Chief Executive Officer. Role And Responsibilities: Mr. Chong holds management responsibilities in relation to the operations of the group. He is also responsible for setting the strategic direction of the group and steering the business of the group for future growth and expansion.

Other DirectorShips Past: Apec Solutions Pte. Ltd. Clikz Pte. Ltd. Cplus Digital Pte.

Ltd. ECXX Global Pte. Ltd. The Medici-Watermark Pte. Ltd. Other DirectorShips Present: Custody Plus Pte.

Ltd. Reason For Cessation: Mr. Chong Heng Loong was appointed as Chief Executive Officer of the Company on 1 April 2021 to spearhead the Company's business diversification initiative into the FinTech and digital assets sector and he was subsequently appointed as Executive Director on 2 October 2023. The Company has since embarked upon new services pursuant to a joint venture as announced by the Company on 31 March 2024 with a new management led by shareholder and Director Ms. Tang Zhengming. Mr. Chong has tendered his resignation as the CEO of the Company to pursue other business interests and as mutually agreed between Mr. Chong and the Board of Directors of the Company, his resignation will be effected on 26 April 2024.

The Board has accepted his resignation and agreed with the said effective date of his resignation. Accordingly, Mr. Chong will not be seeking re-appointment at the Company's upcoming annual general meeting to be held on 26 April 2024. Ms. Tang will assume all the responsibilities of Mr. Chong.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the cessation of Mr. Chong as the CEO of the Company.