The board of directors of Nexion Technologies Limited announced that Mr. Foo Moo Teng ("Mr. Foo") has tendered his resignation as chief executive officer of the Company (the "Chief Executive Officer") due to his other businesses and personal commitments with effect from 31 May 2022. Mr. Foo has confirmed to the Board that he has no disagreement with the Board and there are no other matters in relation to his resignation of the above positions that need to be brought to the attention of the shareholders of the Company (the "Shareholders"). Mr. Ong, aged 47, has been appointed as an executive Director of the Company with effect from 2 November 2020.

Mr. Ong has over 20 years of experience in information technology and computer industry, helping multi-nationals to establish and to grow operations in the Association of Southeast Asian Nations ranging from start-ups to established organisations.