17LIVE Group Limited announced that upon the recommendation of the Nominating Committee, the Board of Directors has approved the appointment of Mr. Lien Chien-Lin as Executive Director and Chief Executive Officer of the company. The appointment has also been approved by shareholders at the Extraordinary General Meeting held on 1 December 2023. Role and responsibilities: The appointment is executive, and Mr. Lien shall be responsible for the Group's overall operations and strategic direction.

Job Title: Executive Director and Chief Executive Officer. Working experience: Mr. Lien has served as the 17LIVE Inc.'s (Target Company) CEO since March 2023. Mr. Lien joined the Target Company in September 2019 as the general manager of Taiwan Operations.

He was promoted to CEO of Taiwan, Southeast Asia, U.S. operations in January 2021 and to global chief operating officer in August 2022 before he was appointed as the Target Company's global CEO. Mr. Lien has held management positions in various Fortune 500 companies including Starbucks Coffee Company with hands-on experience in global operations, and has extensive experience in the gaming industry accumulated from his tenure at various gaming companies, including Electronic Arts. Prior to joining the Target Company, Mr. Lien served as the chief operating officer of a mobile game start-up in Shanghai focusing on narrative and user-generated content.

Other director ships present: Ichi Nana Inc. - Next Entertainment Global Holding - Next Entertainment Limited. Director experience details: Mr. Lien will be attending training on the roles and responsibilities of a listed issuer as prescribed by the Exchange. Event description: Appointment of Executive Director and Chief Executive Officer in connection with the business combination between Vertex Technology Acquisition Corporation Ltd. and 17LIVE Inc.