Charisma Energy Services Limited announced Mr. Simon de Villiers Rudolph indicated his intention to retire prior to the annual general meeting held on 26 April 2024 (AGM) and did not wish to seek re-election at the AGM. Mr. Rudolph served as the Independent Non-Executive Director for the Company for more than nine years and pursuant to Rule 406(3)(d)(iv) of the Catalist Rules coupled with the progress of the ongoing restructuring of the Group, Mr. Rudolph was of the view that it would be timely for him to retire and for the new directors to come on board to guide the Company forward. After having interviewed Mr. Rudolph and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte.

Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Rudolph as the Independent Non-Executive Director. In view of Mr. Rudolph's retirement as the Company's Director, to meet the requirements set out in S201B of the Companies Act and Catalist Rule 704(7) and comply with the relevant principles and provisions of the Code of Corporate Governance 2018 ("Code") with regard to, inter alia, the composition of the respective Board Committees, the Board and the Nominating Committee will endeavour to fill the vacancies of the Board Committees, including the Audit Committee, within two months, but in any case not later than three months from 26 April 2024 so to meet the minimum number of not less than three members for each of the Audit Committee, Remuneration Committee and Nominating Committee. Role And Responsibilities: Chairman of the Audit Committee A member of Remuneration Committee and a member of Nominating Committee.

Job Title: Chairman of the Audit Committee A member of Remuneration Committee and a member of Nominating Committee. Other DirectorShips Past: Novel Diamond Fund; Giordano International Limited.