Jason Marine Group Limited announced cessation of Mr. Sin Hang Boon as independent director. Role And Responsibilities: Independent Director, Chairman of the Nominating Committee as well as a member of the Audit and Risk Committee and Remuneration Committee. Reason For Cessation: Mr. Sin Hang Boon (Mr Sin) retired from office at the Annual General Meeting of the Company held on 25 July 2023.

He has relinquished his position as Independent Director, Chairman of the Nominating Committee as well as a member of the Audit and Risk Committee and Remuneration Committee. After having interviewed Mr. Sin, and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Sin as Independent Director of the Company.