The Board of Directors of Cloudaron ("Board") wishes to announce that the Board had on 25 March 2021 accepted the notice in writing dated 18 March 2021 pursuant to Section 281 of the Companies Act 2016 ("CA2016") from Messrs UHY (AF 1411) ("UHY") on their resignation as Auditors of the Company.

The resignation of UHY was due to the Company and UHY being unable to agree on the fees for their services. Further, the Board also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of shareholders.

The Company is in the midst of identifying new Auditors to be engaged pursuant to Section 271(2)(b) of the CA2016 and is subject to the following:-

1) Pursuant to Section 281(2) of the CA2016, UHY's term of office will end after twenty-one (21) days from the Notice Date; and

2) The Company receiving the letter of consent from the new Auditors to act as Auditors of the Company.

Further announcement on the engagement of a new Auditors will be made by the Company in due course once the appointment of the new Auditors is finalised.

This announcement is dated 25 March 2021.

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