Hosa International Limited announced that Mr. YAO Ge has resigned as an independent non-executive director, a member of the Audit Committee, the chairman of the Nomination Committee, the chairman of the Remuneration Committee, in order to devote more time on his other business commitments, with effect from January 17, 2020; and Mr. HE Wenyi has resigned as an independent non-executive director of the Company, a member of the Audit Committee of the Company, the Nomination Committee and Remuneration Committee of the Company, in order to devote more time to develop his own business, with effect from January 17, 2020. Upon resignation of Mr. YAO, the position of the chairman of the Nomination Committee and Remuneration Committee of the Company becomes vacant.