On August 20, 2020, Mr. Jinchi Xu tendered his resignation as director of Hudson Capital Inc. citing personal reasons for his resignation and confirmed that it was not a result of any disagreement with the Company’s policies or practices. The Board of Directors of the Company accepted his resignation with effect from August 20, 2020. On August 20, 2020, the Board appointed Mr. Hon Man Yun to succeed Mr. Xu as director. Prior to his appointment, Mr. Yun was the Chief Financial Officer of Kiwa Bio-tech Products Group Corporate, an OTC market-listed company from April 2018.