On November 20, 2019, Ms. Charlene Cheng informed the Board of Directors of ECARD INC. that she resigned as the company's Chief Financial Officer and Director of the Board, effective immediately. Her resignation was not in connection with any known disagreement with the company on any matter. On March 3, 2020, the Board of Directors appointed Mr. Wayne Tsao as the Company's Interim Chief Financial Officer, to serve while the Company completes its search process for a permanent Chief Financial Officer.

Mr. Tsao's appointment as Interim CFO will be effective March 3, 2020. The Board of Directors has been actively searching for a replacement for the position of Chief Financial Officer and Director.