Effective July 21, 2020, in connection with the increase of the size of the board of director of Andina Acquisition Corp. III, the Board appointed Roman Raju as a Class A director of the Company to serve until the 2020 annual shareholders meeting of the Company. The Board has determined that Mr. Raju qualifies as an independent director under rules of The Nasdaq Stock Market. Dr. Raju is a practicing physician specializing in Neuroradiology. Since July 2018, Dr. Raju has been a partner of Radiology Partners Inc. From 2013 until June 2018, Dr. Raju was a physician practicing with West Houston Radiology Associates, LLP, which was acquired by Radiology Partners in 2018. On July 21, 2020, B. Luke Weil, the Chairman of the Board, was elevated to Executive Chairman of the Board and shall serve as an executive officer of the Company. In connection with the change in Mr. Weil’s title, he will receive no compensation from the Company other than reimbursement of out-of-pocket expenses incurred in connection with efforts relating to the Company’s initial business combination.