Leadership changes at NUSATRIP Inc (2026)

Departing: Wallace Tzi Chun Foo

On May 25, 2026, Mr. Foo informed the Company that he would not accept the appointment due to personal and family reasons.

Also stated in this filing

• As a result, the previously disclosed appointment of Mr. Foo as Chief Financial Officer did not become effective, and Mr. Foo did not commence service in such role.
• Mr. Foo's decision not to accept the appointment was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
• Appointment of Chief Financial Officer On June 2, 2026 the Board appointed Lo c Gautier ("Mr. Gautier") as Chief Financial Officer of the Company, effective June 2, 2026.
• Pursuant to his employment arrangement, Mr. Gautier is entitled to an annual base salary of US$150,000, eligibility for a discretionary annual cash bonus, equity-based compensation, and participation in the Company's executive benefit and incentive plans on terms generally applicable to other executive officers.
• Mr. Gautier has over ten years of experience in technology, e-commerce operations, and corporate finance across Southeast Asia.
• He began his career at Groupon in Paris in 2012 and was subsequently recruited by Lazada, then operated under Rocket Internet, to support the company's expansion in Vietnam.
• In 2015, Mr. Gautier founded Leflair, a luxury flash-sales e-commerce platform operating across Vietnam and Southeast Asia, which he led through multiple funding rounds before its acquisition by Society Pass Incorporated ("SOPA") in 2021.

Appointed: Tjin Patrick Soetanto, Chief Executive Officer

There were no disagreements between Mr. Tan and the Company on any matter relating to the Company's operations, policies, or practices required to be disclosed under Item 5.02 of Form 8-K. Appointment of Chief Executive Officer On May 17, 2026, the Board appointed Tjin Patrick Soetanto ("Mr. Soetanto") as Chief Executive Officer of the Company, effective immediately, subject to the finalization of mutually acceptable employment or consulting terms approved by the Board or an authorized committee of the Board.

Appointed: Xin Li, Director, effective 2026-02-05

On February 5, 2026, the Board appointed Xin Li ("Mr. Li") as a director of the Company, effective February 5, 2026.

Appointed: Xin Li

In connection with his appointment, Mr. Li was named to the Audit Committee and the Nominating and Corporate Governance Committee, and the Board designated him as chairperson of the Nominating and Corporate Governance Committee, in each case effective as of his appointment.

Also stated in this filing

• Departure of Chief Executive Officer On May 17, 2026, the Board terminated the employment of Anson Neo ("Mr. Neo") as Chief Executive Officer of the Company, effective immediately.
• Mr. Neo also no longer acted in any officer, management, banking, administrative, platform access, or other authorized capacities with the Company and its subsidiaries.
• The Board determined that Mr. Neo's termination constituted a termination for cause under the applicable employment agreement.
• Mr. Neo will be entitled to final compensation required under the applicable employment agreement and applicable law.
• Mr. Tan also no longer acted in any officer, management, banking, administrative, platform access, or other authorized capacities with the Company and its subsidiaries.
• The Board determined that Mr. Tan's termination constituted a termination for cause under the applicable employment agreement.
• Mr. Tan will be entitled only to final compensation required under the applicable employment agreement and applicable law.
• Any employment or consulting arrangements that may be entered into with Mr. Soetanto will be disclosed if and to the extent required by applicable law and securities regulations.
• Mr. Soetanto has extensive professional experience in senior leadership and operations management.
• He was appointed as Head of Hotel of the Company effective November 1, 2025.

Appointed: Ade Irawan, Chief Operating Officer, effective 2026-05-13

On May 13, 2026, the Company appointed Ade Irawan as Chief Operating Officer of the Company, effective May 13, 2026.

Also stated in this filing

• Redesignation of Officers Albert Nicolas tendered his resignation from his position as Chief Operating Officer of NusaTrip Incorporated (the "Company"), which will become effective on May 13, 2026.
• Mr. Nicolas's redesignation was not the result of any disagreement with the Company, its management, operations, policies or practices.
• Mr. Irawan has over 17 years of comprehensive leadership experience across the aviation, travel operations, and digital travel technology sectors.
• Since joining the Company in 2019, Mr. Irawan has held various roles supporting the Company's commercial and operational functions, serving in progressively senior roles, including Quality Monitoring & Trainer from November 2019 to November 2022, Business Development from December 2022 to September 2025, and Commercial Manager from September 2025 to the present.
• Mr. Irawan earned a Bachelor's Degree in English Literature from Methodist School of Foreign Languages, which he attended from September 2012 to September 2016.
• He also earned a Diploma in Airlines Ground Handling and Management from Certified Aviation Training, which he attended from July 2006 to July 2007.
• On May 13, 2026, the Company entered into an employment agreement with Mr. Irawan (the "COO Employment Agreement"), which provides that Mr. Irawan's employment will be 3 years after the date thereof.