I Synergy Group Limited announced that Managing Director, Mr. Lawrence Teo has notified the Board of his resignation as a director of the Company, effective 27 October 2022. Mr. Teo will however remain an important part of the Company, focussing on the roll out and expansion of wyde in South-East Asia in his role as Strategic Advisor. To ensure the Company can maximise the potential of the wyde software suite, current Managing Director Mr. Teo will step down from his position as a director of the Company to focus upon the roll out and marketing of wyde in South-East Asia. Mr. Kevin Coutinho, who was previously employed as the Company's CTO, has been appointed as the Managing Director, effective 27 October 2022. The terms of Mr. Coutinho's
engagement with the Company and his professional experience have been previously disclosed
to ASX on 16 March 2022 in the announcement titled `Completion of POSTech Acquisition and
Appointment of CTO' and there has been no alteration to these terms. Mr. Josh Hunt, who was previously a Non-Executive Director of the Company, will take on the
role of Non-Executive Chairman, also effective October 27, 2022.