Sysma Holdings Limited announced cessation of Sin Soon Teng as Executive Chairman and Group Chief Executive Officer. He is responsible for the overall planning of manpower and resources for the various projects undertaken by the Group and is also in charge of liaising with client representatives, regulatory authorities and consultants which the Group is involved in. Although, Mr. Ang Seng Heng steps down as Executive Director, he will continue in role as Head of Operations.

After having interviewed Mr. Ang Seng Heng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Ang Seng Heng as the Executive Director of the Company.