On November 18, 2020 the Board of Directors of Banny Cosmic International Holdings, Inc. accepted the resignation of Mr. Chow Wing Fai as Chief Financial Officer. At the same time, the Board elected Mr. Lau Sung Tat (Vincent) as CFO of the Company. Mr. Lau, graduated with major in Finance and Accounting of Business Management and Administration degree from Wah Har College of Hong Kong in 1987. 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.