On March 1, 2021, Union Bridge Holdings Limited received a letter of resignation from Mr. Joseph Ho pursuant to which Mr. Ho resigned as the Chief Financial Officer of the Company. Mr. Ho indicated that his resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, polices or practices. Mr. Ho is the Director and Chief Executive Officer of the Company. On March 1, 2021, the Company’s Board of Directors appointed Mr. Viktor Berglind to be the Company’s Chief Financial Officer.