Sen Yue Holdings Limited announced the retirement of Yu Lihong as Non-Executive and Independent Director. Other DirectorShips Present: Ivy League Learning Concept Pte. Ltd. Gifted and Talented Education Pte.

Ltd. CHH Holdings Pte. Ltd. Bizmen Corporation Pte. Ltd. H&M Group Pte.

Ltd. Arty Huaty Gallery Pte. Ltd. Reason For Cessation: Mdm. Yu will be retiring as an Independent Director of the Company pursuant to Regulation 89 of the Company's Constitution and will not be seeking for re-election at the AGM as she intends to devote more time to her full time employment and to allow for Board rejuvenation following the entry of the new ownership and management of the Company.

The Sponsor, after having interviewed Mdm. Yu and to its best knowledge, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mdm. Yu as Independent Director of the Company.

Event Description: Retirement of Mdm. Yu Lihong as Independent Director of the Company pursuant to Regulation 89 of the Company's Constitution at the conclusion of the Annual General Meeting of the Company, to be held on 13 January 2023.