Pharmesis International Ltd. announced retirement of Lin Yimin as Non-Independent Non-Executive Director and a member of Audit Committee. Reason For Cessation: Ms. Lin Yimin ("Ms. Lin"), who is subject to the retirement at the forthcoming annual general meeting ("AGM") pursuant to Article 97 of the Constitution of the Company, has relinquished for the re-election. As such, Ms. Lin will retire as Non-Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM to be held on 30 April 2024.

Concurrently, she will also cease to be a member of the Audit Committee of the Company. The Board and Management of the Company would like to express their gratitude to Ms. Lin for her invaluable contributions during her tenure of service. Event Description: Retirement of Ms. Lin Yimin as Non-Independent Non-Executive Director at the Annual General Meeting.