Regional Express Holdings Limited announced that Mr. Sid Khotkar, a non-executive director of the company, has resigned from the Board effective 21 April 2024. Mr. Khotkar was a representative of Rex's convertible note investor, PAG Regulus Holdings Pte Ltd, on the board of Rex. Mr. Khotkar, a Managing Director of PAG Asia Capital (PAG) and the head of its Australian private equity business, indicated his desire to resign from the Rex board to allow him more time to focus on PAG's growing and extensive private equity investment portfolio in Australia.

Mr. Lincoln Pan, Partner and Co-Head of Private Equity at PAG, will continue on the Board as a non-executive director.