Alset International Limited announced the cessation of LAM Lee G. as Independent Non-Executive Director and Vice Chairman. Due to health reasons, Dr. LAM Lee G. ("Dr Lam") has tendered his resignation and is stepping down from his role in the Company. The Board agreed to accept his resignation with immediate effect, taking into account Dr. Lam's reason for resigning.

Dr. Lam confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation. The Company's Sponsor, Hong Leong Finance Limited, after having interviewed Dr. Lam, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Dr. Lam as the Independent Non-Executive Director and Vice Chairman of the Company.