On November 18, 2020 the Board of Directors of Banny Cosmic International Holdings, Inc. accepted the resignation of Mr. Chow Wing Fai as Secretary and the resignation of Chow Chloe as a director of the Company. At the same time, the Board elected Mr. Lau Sung Tat (Vincent) as a director and Secretary of the Company. Since 2018, he has been also appointed as the Chairman of the Financial Development Committee and Vice President of the Council of the Hong Kong Federation of Commerce for Small and Medium Enterprises.