The board of directors of Deson Development International Holdings Limited announced that Mr. Lu Quanzhang (Mr. Lu) resigned as an Executive Director of the company and the Chairman of the Board with effect from 25 August 2020 due to his other personal commitments. Mr. Lu has confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of the shareholders of the company in relation to his resignation. Following the resignation of Mr. Lu as an Executive Director of the company and the Chairman of the Board, Mr. Tjia Boen Sien (Mr. Tjia), an Executive Director of the company, the Managing Director of the company and the Deputy Chairman of the Board, has been re-designated as an Executive Director of the company, the Managing Director of the company and Chairman of the Board with effect from 25 August 2020.