Change - Announcement of Cessation::RESIGNATION OF MR GAN WAH KWANG @ GUAN WAH KWANG AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR

Resignation of Mr Gan Wah Kwang @ Guan Wah Kwang as Lead Independent Non-Executive Director of Pine Capital Group Limited (the 'Company').

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. ('Sponsor'), in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited ('Exchange') Listing Manual Section B: Rules of Catalist for compliance with the relevant rules of the Exchange. The Sponsor has not independently verified the contents of this announcement, including the correctness of any of the figures used, statements or opinions made.

Kindly note that the Company's Sponsor has not conducted an exit interview as at the date of this announcement and accordingly, should there be any further material information in the course of such interview (when conducted), the Company will be required make such further announcement(s) and the Board will be required address and announce its comments and responses as well as the Sponsor's queries for the responses.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Liao H.K.
Telephone number: [phone]