The Board of 361 Degrees International Limited announced that Mr. Liao Jianwen has tendered his resignation as an independent non-executive Director in order to devote more time to his other business endeavors with effect from 27 August 2019. Following his resignation, Mr. Liao will also cease to be a member of each of the Audit Committee and the Remuneration Committee, and the chairman of the Remuneration Committee with effect from the same date. To fill the casual vacancy of the Board due to the resignation of Mr. Liao, the Board further announced that Mr. Chen Chuang will be appointed as an independent non-executive Director with effect from 27 August 2019. Prior to taking up his academic appointment at Xiamen University, Mr. Chen worked in a management consultancy firm between 2002 and 2006 as a consultant and provided advisory services on organisational strategy, marketing, and human resources. The Board also announced that following the resignation of Mr. Liao, Mr. Chen has also been appointed as a member of each of the Audit Committee and the Remuneration Committee, and the chairman of the Remuneration Committee with effect from 27 August 2019.