ZICO Holdings Inc. announced the appointment of Mr. Yap Tien Wei (Mr. Yap) as an Independent Director of the Company and Chairman of the Nominating Committee. Mr. Yap, aged 43, having served in a number of leadership capacities over the past 18 years in the wealth management and asset management industry, brings a wealth of expertise to this role. Mr. Yap is currently the Chief Executive Officer of Northwaters Capital Pte.

Ltd., a Capital Market Services licensee, where he is in charge of all day-to-day operations management. Throughout his working experience predominantly in the wealth management and asset management industry, Mr. Yap has accumulated invaluable experience which includes but not limited to overseeing all verticals of the business in wealth management, fund management, family office solutions, compliance as well as other day-to-day operational matters. The appointment of Mr. Yap is in line with the Company s strategy to pivot towards the growing wealth management business as disclosed in its results announcement and Annual Report.

With his proven track record, the Company will be able to tap into his expertise and experience, particularly seeking guidance on matters relating to wealth management and asset management. Job Title: Member of the Board Member of Audit and Risk Committee Chairman of Nominating Committee Member of Remuneration Committee. Working Experience: Assistant Vice President in OCBC Bank from January 2011 to December 2012 Vice President of Bank Sarasin & CIE AG from January 2013 to May 2013 Director of Standard Chartered Private Bank from May 2013 to October 2016 Director of United Overseas Bank from October 2016 to February 2018 Chief Executive Officer of Northwaters Capital Pte.

Ltd. (a Capital Market Services Licensee of Monetary Authority of Singapore) from February 2018 to present. Other DirectorShips Present: Chief Executive Officer of Northwaters Capital Pte. Ltd. Director of Altum Alternative Ventures Pte.

Ltd. Director of Millennium Gate Wealth Fund Pte. Ltd. Professional Qualifications: Mr. Yap Tien Wei graduated with a Bachelor of Commerce from the University of Western Australia.