Easyknit International Holdings Limited board of directors announced that with effect from 13 August 2020: Ms. Koon Ho Yan Candy ("Ms. Koon") is re-designated from an executive Director and a member of the executive committee of the Company to the president and chief executive officer of the Company; and Mr. Tse Wing Chiu Ricky ("Mr. Tse") is re-designated from the president and chief executive officer of the Company, and the chairman of the Executive Committee to the vice president of the Company and an executive Director, and a member of the Executive Committee. Both Ms. Koon and Mr. Tse remain as the authorised representatives of the Company. In addition, Mr. Tse continues to serve as a member of the remuneration committee (the "Remuneration Committee") and the nomination committee of the Company (the "Nomination Committee"). Ms. Koon, aged 35, was an executive Director, the Authorized Representative and a member of the Executive Committee since 2010. She is also a director of various subsidiaries of the Company. Mr. Tse, aged 62, was an executive Director, the president and chief executive officer of the Company, the Authorized Representative and the chairman of the Executive Committee since 2017.