The board of Macau Legend Development Limited announced that Mr. Xie Min has tendered his resignation as an independent non-executive Director, the chairman of the remuneration committee of the Board, a member of the audit committee of the Board and the nomination committee of the Board with effect from 1 June 2021. With effect from 1 June 2021, Mr. Wang Hongxin (alias Wang, Charles Hongxin) will be appointed as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit Committee and the Nomination Committee. Mr. Wang is the chairman of Shenzhen Academia Capital Management. Mr. Wang had almost 30 years of global investment experience in the United States and China.