OTS Holdings Limited announced the cessation of Ho Chor Yau as Group Financial Controller. Role And Responsibilities: Mr. Ho is responsible for the overall finance, accounting and taxation functions across the Group's businesses. He heads the finance team and also supports the senior management team on investments made by the Group.

Reason For Cessation: To pursue other career opportunities. Mr. Ho Chor Yau ("Mr Ho") has confirmed that there are no concerns regarding financial reporting that led to his resignation and there are no disagreements regarding practices that will have an impact on the Group's financial reporting. The Sponsor, having interviewed Mr. Ho, is satisfied that, save as disclosed in this announcement, there are no material reasons for the resignation of Mr. Ho.

Whilst the Company is in the midst of identifying a replacement and will make the necessary announcement in due course, Mdm Ong Chew Yong, Executive Director, shall oversee the Group's finance and accounting function during this period and will be assisted by the Group Finance Manager from the existing finance team.