Fruition Venture Limited announced that Mr. Nitin Jain, who was appointed as Chairman-Non Executive Director of the Company, has conveyed to the Board that due to personal reasons, he would be unable to continue as Chairman-Non Executive Director on the Board of the Company with immediate effect from March 20, 2023. Hence, Mr. Nitin Jain shall cease to be a Chairman-Non Executive Director of the Company from March 20, 2023, as he is unable to devote sufficient time due to his personal busy schedule with other businesses. Further, the Company has received confirmation from Mr. Nitin Jain that there are no other material reasons for his resignation other than those which is provided in the resignation letter dated March 20, 2023.