The board of directors of Cowell e Holdings Inc. announced that Mr. Cho Young Hoon, an executive Director, has been appointed as the co-chief executive officer of the Company with effect from September 21, 2020. Mr. Cho is an executive Director and the chief financial officer of the Company. Mr. Cho joined Dongguan Cowell Optic Electronics Co. Ltd. ("Cowell China"), an indirect wholly-owned subsidiary of the Company, in July 2013 as a manager of strategic planning division and was responsible for supervising daily financial and sales operations of Cowell China.