The board of directors of Agritrade Resources Limited announced that on 18 February 2020, the Company received the formal resignation letters (the Resignation Letters') from each of Mr. Ng Say Pek (Mr. Ng') and Ms. Lim Beng Kim, Lulu (Ms. Lim'). Mr. Ng has resigned as the executive Director and the chairman of the Board with effect from 10 February 2020 due to his health reason, and Ms. Lim has resigned as the executive Director and the member of the executive committee (the Executive Committee') of the Company with effect from 10 February 2020 to attend to her ill daughter. Following the resignation of Ms. Lim, the Board announced that Mr. Sim Mingqing (Mr. Sim') has been re-designated from non-executive Director to executive Director with effect from 18 February 2020 and Mr. Sim has also been appointed as the member of the Executive Committee in replacement of Ms. Lim with effect from 18 February 2020. Mr. Sim, aged 38, was appointed as the non-executive director of the Company on 2 December 2019 and was subsequently re-designated as the executive Director on 18 February 2020.