The board of directors of CMON Limited (the Company, together with its subsidiaries, the Group) announced that Mr. David Doust, an executive Director, has been appointed as a joint chief executive officer of the Company with effect from 23 January 2020. Accordingly, Mr. Ng Chern Ann, an executive Director and chairman of the Company who has been serving as the chief executive officer of the Company prior to 23 January 2020, will be re-designated as a joint chief executive officer of the Company effective from 23 January 2020. Mr. Ng and Mr. Doust will jointly execute the Group's development strategy and manage the Group's business operations.