The Board of Directors of Polaris Ltd. announced that the company has received resignation letter from the Board Members dated January 19, 2018 with a serving notice period of approximately 5 weeks and effective on February 28, 2018: Mr. Ang Chuan Hui, Peter as Executive Director, Chief Executive Officer (CEO), AC member, NC member and RC member; and Mrs. Juliana Julianti Samudro as a Director and Chief Financial Officer of the company. Upon the effective resignation of Mr. Ang Chuan Hui, Peter, Mr. Carl Johan Pontus Sonnerstedt will be appointed as Director and Chief Executive Officer of the company subject to the fulfillment of necessary requirements of prevailing laws and regulations, including but not limited to the listing manual SectionB: Rules of Catalist and the regulations of the Ministry of Manpower of Singapore. The Board will appoint the new independent directors in due course.