The board of directors of SingAsia Holdings Limited hereby announces that Mr. Xie Feng ("Mr. Xie") has been appointed as an executive Director and a member of nomination committee of the Company with effect from 1 August 2023. Mr. Xie, aged 35, graduated from Central Radio and Television University (currently known as the Open University of China) majoring in administrative management in January 2011. He has extensive experience in corporate management.

Mr. Xie was employed as senior management positions such as the head of human resources and general manager in various large corporations in the People's Republic of China, mainly responsible for strategic planning, human resource management, and company operations. Mr. Xie has entered into a service agreement with the Company for a term of two years and may be terminated by either party giving to the other party 1 month's advance notice. He is subject to retirement by rotation and re-election at the next following annual general meeting of the Company in accordance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules") and the Articles of Association of the Company.

He will be entitled to a director's remuneration of HK$15,000 per month, which is determined with recommendation of the remuneration committee of the Company with reference to his duties, responsibilities, qualifications, experiences and the prevailing market conditions. Save as disclosed above, Mr. Xie (i) has not held any directorship in any listed public companies in the last three years; (ii) does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (iii) does not hold other positions with other members of the Group; and (iv) does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company within the meaning of the GEM Listing Rules. Save as disclosed in this announcement, there are no other matters in relation to the appointment of Mr. Xie that need to be brought to the attention of the shareholders of the Company, and there is no further information required to be disclosed pursuant to Rule 17.50(2)(h) to (v) of the GEM Listing Rules.