Koyo International Limited Approves Retirement of Serena Lee Chooi Li as Independent Director, and Chairman of Remuneration Committee, Member of Audit Committee and Nominating Committee

Koyo International Limited announced at annual general meeting held on April 26, 2022, the shareholders approved the retirement of Ms. Serena Lee Chooi Li ("Ms. Serena Lee") pursuant to Regulation 100 of the Constitution of the Company. Noted that upon the retirement of Ms. Serena Lee as the Independent Director of the Company, Ms. Serena Lee will also step down as the Chairman of Remuneration Committee, member of Audit Committee and Nominating Committee of the Company.