DaChan Food (Asia) Limited announced that, Mr. Wei Anning will resign from the position of the chairman of the Board and the chairman of the Executive Committee of the Company (the "Executive Committee"), and re-designate from an executive director to a non- executive director with effect from 1 March 2021 due to his desire to devote more time and energy to other businesses. The Board hereby announces that, Mr. Wei, Chun-hsien, also known as James Chun-Hsien Wei will be appointed as an executive director, chairman of the Board, and a member and chairman of the Executive Committee on 1 March 2021 until the next annual general meeting of the Company. Mr. Wei, Chun-hsien, aged 63, is an independent director of Taiwan Ta Ya Electric Wire & Cable Company Limited, and a senior consultant of the Tingyi Holding. The Board hereby announces that, Mr. Hsia, Li-Yan, also known as Andrew L. Y. Hsia will be appointed as an independent non-executive director of the Company, and served as a member of the Remuneration Committee, the Audit Committee and the Nomination Committee of the Company on 1 March 2021 until the next annual general meeting of the Company.