Jatcorp Limited (JAT) refers to its announcement dated 13 October 2022 whereby it advised that the CEO function for the Company would be carried out by the Company's Managing Director Mr. Jack Wang and Chief Operating Officer Mr. Scott Zhang until further notice. JAT has decided to make the announced change permanent, and accordingly on 24 December 2022 terminated Mr. Wilton Yao's employment. There are no changes to the previously announced terms of employment of Mr. Wang and Mr. Zhang including no changes to remuneration.