The board of directors of Grand Peace Group Holdings Limited announced that (i) Mr. Wong Shiu Wah, Williamson (Mr. Wong) has been appointed as an Independent Non-executive Director, a member and the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee with effect from 30 March 2020; and (ii) Mr. Wan Ka Wai ("Mr. Wan") has been appointed as an Independent Non-executive Director, a member and the chairman of the Remuneration Committee and a member of each of the Audit and the Nomination Committee with effect from 30 March 2020. Mr. Wong has been appointed as the independent non-executive director of Abterra Ltd., since February 2010. Mr. Wong is presently the chairman of the audit committee of Abterra Ltd. Mr. Wan Ka Wai, worked as the Project Manager of a business consulting company and Sales and Operations Manager of a construction material supplier and has over 12 years experience in sales, marketing and project management. Following the appointment of Mr. Wong and Mr. Wan, the Board and the Audit Committee comprise of two Independent Non-executive Director. As such, the Company failed to comply with the requirements as set out in Rules 5.05(1) and 5.28 of the GEM Listing Rules.