Mercurius Capital Investment Limited announced Cessation of Chang Wei Lu as Chief Executive Officer. Role And Responsibilities; Executive. Mr. Chang is responsible for overseeing the overall business development and general management of the Group, and formulating the Group's strategic directions and expansion plans.

Mr. Chang Wei Lu ("Mr. Chang") is presently the Executive Chairman and Chief Executive Officer of the Company. Following the re-designation of Mr. Chew Hai Chiene Hester Arthur from Lead Independent Non-Executive Director to Group Chief Executive Officer and Executive Director of the Company, Mr. Chang will step down as Chief Executive Officer, but will remain as the Executive Chairman of the Company. Mr. Chang will also remain as a member of the Remuneration Committee of the Company.

To the best of its knowledge, the Company's Sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chang as Chief Executive Officer and re-designation of Mr. Chang as Executive Chairman of the Company.