Earthasia International Holdings Limited announced that the Company was informed by Mr. Wong Wang Tai that he would not offer himself for re-election at the AGM and would retire as an Independent Non-executive Director, chairman of the audit committee and chairman of the remuneration committee with effect from the close of the AGM as he would like to spend more time pursuing his own business. The Board announced that on 15 June 2020, Mr. Liu Kwong Sang, Mr. Tang Zhaodong and Mr. Chan Anthony Kaikwong have been appointed as Independent Non-executive Directors of the Company with effect from 15 June 2020. Mr. Liu has over 31 years of experience in the accounting industry and is currently practicing as a certified public accountant in Hong Kong. Mr. Liu is currently an independent non-executive director of Polytec Asset Holdings Limited, abc Multiactive Limited, China National Culture Group Limited and Pine Care Group Limited. Mr. Tang has over 25 years of experience in the trading of products including but not limited to computers, toys and electronic products worldwide. After working in China Great Wall Computer Group Co. Ltd. for three years, Mr. Tang engaged in the business of trading of computers and related products by establishing his own company in Zhongguancun, Beijing in 1992. In 1996, he expanded his trading business into the United States market. Since then, he has been engaging in China-U.S. trading activities. Mr. Chan has over 30 years of experience in the corporate finance industry. From 1984 to 1999, he worked in different companies with managerial position including being the manager in light industries of The Eisenberg Group of Companies in Beijing, China, the vice president in China sourcing of International Sources Inc. in San Francisco, the United States and the president and chief executive officer in American Champion Entertainment Inc. in San Jose, the United States. Since 2000, he provided financial advice to various companies by acting as a financial advisor or the chief financial officer (as the case may be) in Pacific Systems Control Technology Inc., Beijing Wandong Medical Equipment Company Ltd., Dehai Cashmere Industry Corporation, HereUare Inc. and Tianjin Tongguang Digital Broadcasting Co. Ltd. Mr. Chan has been the chief financial officer and the executive vice president of Borqs Technologies Inc. since April 2015. The Board announces that, following the retirement of Mr. Wong Wang Tai as Independent Non-executive Director and the appointments of Mr. Liu Kwong Sang, Mr. Tang Zhaodong and Mr. Chan Anthony Kaikwong as Independent Non-executive Directors of the Company, (i) Mr. Wong Wang Tai ceased to be the chairman of the audit committee and the remuneration committee; (ii) Mr. Liu Kwong Sang has been appointed as chairman of the audit committee; and (iii) Ms. Tam Ip Fong Sin has been redesignated as chairlady of the remuneration committee. With effect from 15 June 2020: the audit committee comprises Mr. Liu Kwong Sang (as chairman), Mr. Ma Lida, Ms. Tam Ip Fong Sin and Mr. Wang Yuncai; and the remuneration committee comprises Ms. Tam Ip Fong Sin (as chairlady), Mr. Chan Yick Yan Andross and Mr. Wang Yuncai.