On October 11, 2020, Mr. Lam Heung Yeung Horace tendered his resignation as a director and Chief Executive Officer of Global Seed Corporation, effective immediately. Mr. Lam's resignation was caused by his personal reasons and not as a result of any disagreement between himself and the Company, its management, the Board of Directors of the Company or any committee thereunder. On October 14, 2020, the Board appointed Mr. Leung Kwok Hei as a director and the Company's new Chief Executive Officer, effective immediately. Mr. Leung Kwok Hei, age 35, served as Chief Executive Officer and director from June 1, 2018 to September 30, 2019.