On January 7, 2022, the board of directors (the ‘Board') of Emerson Radio Corp. (the ‘company') accepted the resignation of Michael Binney as the company's Chief Financial Officer, effective January 16, 2022. On January 7, 2022, the Board appointed Mr. Richard Li, to serve as the Company's Chief Financial Officer, effective upon Mr. Binney's resignation.

Mr. Li has been the Chief Financial Officer of Sansui Electric (China) Co., Ltd, since 2014. Mr. Li served as the Chief Financial Officer Sansui Manufacturing Services Limited, from 2012 to 2013. Mr. Li served as the Chief Financial Officer of Lafe Corporation Limited, from 2005 to 2011.