On August 10, 2020, Ms. Yung Chi Chuang resigned as the Chief Financial Officer of China United Insurance Service, Inc., effective immediately. Ms. Chuang resigned from her position with the Company for her personal reasons and not as a result of any disagreement related to the Company’s operations, accounting policies, or practices. On August 10, 2020, the Company and Ms. Mei-Guan (Joyce) Yeh entered into an engagement agreement (the “CFO Engagement Agreement”), pursuant to which Ms. Yeh was appointed as the new Chief Financial Officer of the Company, effective immediately. Ms. Yeh has extensive experience in accounting management and corporate finance. From November 2019 till August 2020, Ms. Yeh worked at the Finance System & Project Department of Standard Chartered Bank (Taiwan). Previously from April 2015 to June 2019, Ms. Yeh served as the Head of Finance at Schroder Investment Management (Taiwan) Ltd.