Serial System Ltd. announced that Tan Lye Heng Paul who has served on the Board of Directors for more than nine years, will not be considered independent upon the conclusion of the forthcoming annual general meeting on 30 April 2024. Accordingly, Paul Tan will retire as a Lead Independent Non-Executive Director and not be seeking for re-appointment as Director of the Company at the AGM, and will cease to be the Chairman of the Audit Committee ("AC") and a member of the Nominating Committee and the Remuneration Committee of the Company following the conclusion of the AGM. Other DirectorShips Past: Independent Director, Sin Ghee Huat Corporation Ltd. Independent Director, China Sunsine Chemical Holdings Ltd. Other DirectorShips Present: Chairman, Nexia Singapore PAC Managing Director, CA Trust PAC Independent Director, Second Chance Properties Ltd. Independent Director, Pollux Properties Ltd. Independent Director, AJJ Medtech Holdings Ltd. Independent Director, PSC Corporation Ltd.