Biolidics Limited announced the Resignation of Siu Yeung Sau as Financial Controller of the company. Reason For Cessation: Mr. Siu Yeung Sau ("Mr Siu") has decided to resign as the Financial Controller of the Company to pursue other career opportunities. After having interviewed with Mr. Siu and to the best of its knowledge, the Company's Sponsor, Evolve Capital Advisory Private Limited, is satisfied that, save as disclosed in this announcement, there is no other material reason for the cessation of Mr. Siu as the Financial Controller of the Company.

In addition, there are no concerns with regards to financial reporting that led to the resignation of Mr. Siu and there are no disagreements between Mr. Siu and the Board of Directors of the Company with regards to practices that would have an impact to the Company's financial reporting. The Company is in the process of appointing a new Financial Controller or Chief Financial Officer and will make the necessary announcement to update shareholders on the new appointment in due course.