TOTM Technologies Limited announced Resignation of Executive Director of the Board - Ngo Yit Sung Mr. Ngo was responsible for the Group's overall business development, corporate communications, as well as executing strategic corporate initiatives for the Group. Mr. Ngo Yit Sung (‘Mr Ngo') was appointed as Executive Director on 15 April 2021 with the responsibility of overseeing the corporate communications, investor relations, and strategic initiatives related to the Group's transformation into the identity management and biometrics space. In view of the Group's successful entry and diversification into the field, Mr. Ngo has decided to step down from his position as Executive Director of the Company and instead focus on the Group's investor relations matters.

Mr. Ngo will be redesignated as Senior Vice President of Investor Relations effectively on 1 March 2023. The Company's sponsor, SAC Capital Private Limited, after having interviewed Mr. Ngo, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr. Ngo as Executive Director of the Board of the Company.