The Board of Directors of Velesto Energy Berhad wishes to announce that Puan Rowina Ghazali Seth, an Independent Non-Executive Director of the Company, has elected to retire voluntarily from the Board of Directors with effect from the conclusion of the 16th Annual General Meeting of the Company held on 3 June 2026.

Puan Rowina Ghazali Seth was appointed to the Board of Directors on 23 June 2017 and has served approximately nine (9) years on the Board as at the date of her retirement. Her voluntary retirement is in accordance with the Company's governance framework, particularly Clause 3.6.2 of the Velesto Board Charter, which provides that the tenure of an Independent Director shall not exceed a cumulative term of nine (9) years.

The Board of Directors wishes to place on record its sincere appreciation to Puan Rowina Ghazali Seth for her invaluable contributions and dedicated service to the Company during her tenure on the Board.