EUDA Health Holdings Limited at its meeting of the Board of Directors held on May 11, 2023, approved a vote to remove David Capes as a director of the Company effective immediately. Prior to his removal, Mr. Capes served as Chairman of the Board, Chairman of the Audit Committee, and Chairman of the Corporate Governance and Nominating Committee. As a result of his removal as a director, Mr. Capes was also removed as Chairman of the Board, as Chairman and member of the Audit Committee, and as Chairman and member of the Corporate Governance and Nominating Committee.

At the Meeting, the Board appointed Mr. Lew Chern Yong (Eric) as Chairman of the Board, member and Chairman of the Audit Committee, and Chairman of the Corporate Governance and Nominating Committee, which appointments Mr. Lew accepted effective immediately. As a result, the composition of the Board committees are as follows: The Audit Committee consists of Eric Lew (Chairman), Alfred Lim, and Leonard Chia. The Corporate Governance and Nominating Committee consists of Eric Lew (Chairman), Alfred Lim, and Leonard Chia.

The Compensation Committee consists of Alfred Lim (Chairman), Eric Lew, and Leonard Chia. The letter further provided a copy of written resolutions dated May 12, 2023 purporting to represent 51.56% of the total issued shares of the Company approving the removal of Eric Lew, Wei Wen Kelvin Chen and Alfred Lim as directors of the Company and the appointment of Mr. Capes as a director of the Company, to serve with Leonard Chee Hyong Chia (the Resolutions).