VCREDIT Holdings Limited announced that Seek Ngee Huat, an independent non-executive director of the Company who shall retire by rotation at the annual general meeting of the Company to be held on 1 June 2020 (in accordance with the articles of association of the Company, has notified the Board that he will not stand for re-election as a director at the AGM. Accordingly, Dr. Seek shall cease to be an independent non-executive director of the Company and a member of the nomination committee of the Company with effect from the conclusion of the AGM.