VCPlus Limited announced cessation of Mr. Lim Beng Chew as Executive Director. Role And Responsibilities: Mr. Lim is responsible for the overall management and strategic direction of the Company, overseeing marketing and sales acquisition, business growth and development, strategic brand management and the day-to-day operations. Other DirectorShips Past: ECXX Global Pte Ltd. Top Dutyfree Pte.

Ltd. Everland Development Pte Ltd. Sevens TK Pte Ltd. WA Investment Holdings Limited Rico Ventures Pte. Ltd. Taiwan Ariki Co Ltd. E Capital Development Pte Ltd. Other DirectorShips Present: ANY Lifestyle Pte. Ltd. Ariki Asia Limited Ariki Capital Pte.

Ltd. Ariki Pte Ltd. Auto Imperial Cars Pte. Ltd. Cocoland Development Pte. Ltd. Duty Free Siam Co Ltd. NL Properties Pte.

Ltd. Rico Development Sdn Bhd Rico Ventures Sdn Bhd Sevens Casa Pte. Ltd. Sevens Developments Pte. Ltd. Sevens Group (Aquarius) Pte.

Ltd. Sevens Group (Aries) Pte. Ltd. Sevens Group (Capricorn) Pte. Ltd. Sevens Group (Gemini) Pte.

Ltd. Sevens Group (Leo) Pte. Ltd. Sevens Group (Libra) Pte. Ltd. Sevens Group (Pisces) Pte.

Ltd. Sevens Group (Sagittarius) Pte. Ltd. Sevens Group (Scorpio) Pte. Ltd. Sevens Group (Taurus) Pte.

Ltd. Sevens Group (Virgo) Pte. Ltd. Sevens Villa Pte. Ltd. SLWZ Development Pte.

Ltd. Spire Ventures Sdn Bhd UB Development Pte. Ltd. VL Properties Pte. Ltd. Reason For Cessation: Mr. Lim Beng Chew had not been involved in the business and operations of the Company and the Group for more than six months since taking a leave of absence to attend to his personal affairs as announced on 23 September 2023.

Given the length of time that has since passed with no visibility on any date of return, Mr. Lim communicated to management that it is more appropriate to formally step down as the Executive Director of the Company and focus on his personal affairs and other business interests. As such, Mr. Lim will retire from the Board and cease to be a Director of the Company following the conclusion of the AGM FY2023 on 26 April 2024. 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. Lim as the Executive Director of the Company.