The Board of Directors (the "Board") of Y Ventures Group Ltd. (the "Company") announced the following changes in the composition of the Board of the Company: Mr. Lew Chern Yong's cessation as Executive Chairman and Director of the Company with effect from 27 July 2022. Mr. Low Yik Sen's re-designation as Executive Chairman and Director of the Company with effect from 8 August 2022. Subsequent to the above changes, the composition of the Board of the Company shall be as follows, Board of Directors: Low Yik Sen (Executive Chairman and Director); Low Yik Jin (Chief Executive Officer and Executive Director); Edward Tiong Yung Suh (Lead Independent Director); Ng Tiong Gee (Independent Director); Tan Jia Kien (Independent Director); Tan Chade Phang (Independent Director).