VCPlus Limited announced that Ms Tang Zhengming ("Ms Tang") has been appointed as the Executive Director of the Company since 1 March 2024. The Nominating Committee (the "NC") of the Company having considered Ms Tang's working experience and professional qualifications, is of the view that Ms Tang has the necessary qualifications, working experience and ability to contribute to the Company as the Executive Chairperson of the Board and CEO, and thus recommend to the Board that she be re-designated from her existing position as Executive Director to Executive Chairperson and CEO of the Company. In view of the aforementioned reasons and the recommendations from the NC, the Board has duly approved Ms Tang's re-designation to Executive Chairperson and CEO of the Company.

This appointment is executive. Ms Tang is responsible for providing leadership and direction to the Board, facilitating the operations, focusing efforts on corporate strategy, overseeing business collaboration initiatives and business development for the Company and the Group. Job Title Executive Chairperson and the CEO.

Working Experience September 2006 - September 2016, Sopel International Pte. Ltd., (Director) April 2006 - September 2016, Japan C & A (Singapore) Pte. Ltd., (Director) April 2005 - September 2016, Added International (S) Pte.

Ltd., (Co-founder & General Manager) February 2005 - September 2016, Jiahe Foods Industry Co. Ltd., (Vice General Manager). Other DirectorShips Present APEC Solutions Pte.

Ltd. Cici Pte. Ltd. Clikz Pte. Ltd. Cplus Digital Pte.

Ltd. Custody Plus Pte. Ltd. Goh Loo Club Limited GTZM Investment Pte. Ltd. United World Preschool Pte.

Ltd. Director Experience Details Ms Tang is an existing Executive Director of the Company since 1 March 2024. Ms Tang will attend the required courses within one year from her appointment on 1 March 2024. Professional Qualifications Degree of Executive Master of Business Administration, National University of Singapore, 2018.