The board (Board) of directors (Director(s)) of Nexion Technologies Limited announced that Mr. Foo Moo Teng ("Mr. Foo") has tendered his resignation as an executive Director, the chairman of the Board (the "Chairman") of the Company and a member of the nomination committee of the Company (the "Nomination Committee") due to his other businesses and personal commitments with effect from 31 May 2022. Mr. Foo has confirmed to the Board that he has no disagreement with the Board and there are no other matters in relation to his resignation of the above positions that need to be brought to the attention of the shareholders of the Company (the "Shareholders"). The Board further announces that Mr. Ong Gim Hai ("Mr. Ong"), an executive Director, has been appointed as the Chairman, and a member of the Nomination Committee in place of Mr. Foo with effect from 31 May 2022.

The Board further announced that Mr. Foo has ceased to act as the compliance officer of the Company (the "Compliance Officer") and one of the authorised representatives (the "Authorised Representative"), and Mr. Ong, an executive Director, has been appointed as the Compliance Officer under Rule 5.19 of the GEM Listing Rules and the Authorised Representative under 5.24 of the GEM Listing Rules with effect from 31 May 2022. Mr. Ong, aged 47, has been appointed as an executive Director of the Company with effect from 2 November 2020. Mr. Ong has over 20 years of experience in information technology and computer industry, helping multi-nationals to establish and to grow operations in the Association of Southeast Asian Nations ranging from start-ups to established organisations.

From June 2008 to December 2010, Mr. Ong was an enterprise account manager of VMWare Inc. From January 2012 to August 2015, Mr. Ong joined Palo Alto Networks Inc. as a country manager, where he was responsible for managing operations in Malaysia.