The board of directors of Agritrade Resources Limited announced that Mr. Ng Xinwei has resigned as the executive Director, the chairman of the executive committee of the Company and authorised representative for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 12 August 2020 due to bankruptcy order issued earlier but stayed against Mr. Ng by the High Court of Singapore ended on 3 August 2020. Mr. Ng has confirmed that he has no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board is to announced that Mr. Sim Mingqing, an executive director has been appointed as the chairman of the executive committee of the Company and the Authorised Representative with effect from 12 August 2020.