The Board of Directors of Libra Group Limited was informed by Mr. Tan Siok Sing Calvin of his intention to step down as Non-Executive Independent Director due to other work commitments. It was agreed for Mr. Tan to resign. Based on its enquiries, the Company's Sponsor, RHT Capital Pte.

Ltd., is satisfied that, save for the above, there are no other material reasons for the resignation of Mr. Tan Siok Sing Calvin as the Non-Executive Independent Director of the Company.