Memiontec Holdings Ltd. announced the resignation of Lee Quang Loong as Chief Financial Officer. Reason For Cessation: Mr. Lee has tendered his resignation as the CFO of the Company to pursue other interest. After having interviewed Mr. Lee and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte.

Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for Mr. Lee's resignation. In addition, there are no concerns that Mr. Lee's resignation is due to any financial reporting concerns or matters and there are no disagreements between Mr. Lee and the board of directors of the Company with regards to practices that would have an impact on the Company's and Group's financial reporting. The Company is in the process of recruiting a Head of Finance and will make the necessary announcement when a suitable candidate is appointed.