IFS Capital (Thailand) Public Company Limited announced resignation of Mr. Singha Nikornpun as the Director, Independent Director, Vice Chairman of the Board, Chairman of the Audit Committee, Member of the Compensation & Nomination Committee, and Member of the Risk Management Committee of the Company due to the term of his office exceeding 9 years, effective May 10, 2022. Therefore, the Board of Directors' Meeting No. 2/2022 held on May 11, 2022 passed the resolution to appoint Mr. Sutee Losoponkul as a Director, Independent Director, Member of the Audit Committee and Chairman of the Compensation and Nomination Committee in place of Mr. Singha Nikornpun, who has resigned, and Mr. Sutee Losoponkul would assume the remaining term of office of the resigned director whom he replaced.

This will be effective from May 11, 2022 onwards.