Agritrade Resources Limited announced that Terence Chang Xiang Wen has retired as independent non-executive director, chairman of remuneration committee and members of audit and nomination committee of the Company with effect from 5 October 2020 because of the expiry of term of office. Following the resignation of Mr. Chang, the Board announced that Mr. Cheng Yu, an independent non-executive director of the Company, has been appointed as chairman of remuneration committee and members of audit and nomination committee of the Company with effect from 5 October 2020.