The board of directors of Agritrade Resources Limited announced that Mr. Sim Mingqing ("Mr. Sim") has resigned as an executive Director, chairman of executive committee of the Company and Authorised Representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 15 July 2021 due to his other business commitments which require more of his time and dedication. Mr. Ong Jia Sheng, Jeffrey ("Mr. Ong") has resigned as an executive Director and member of executive committee of the Company with effect from 16 July 2021 due to his other business commitments which require more of his time and dedication. The Board announced that Mr. Yew Chu Sern, an executive Director, has been appointed as chairman of executive committee of the Company and Authorised Representative with effect from 15 July 2021. The current number of independent non-executive Directors falls below the minimum number required under Rule 3.10(1) and 3.10A of the Rules Governing the Listing of Securities on the Stock Exchange ("the Listing Rules"); and the number of members of the audit committee will fall below the minimum number required under Rule 3.21 of the Listing Rules. The Company is endeavoring to identify suitable candidates to fill up the vacancy of independent non-executive Director as soon as practicable as required under Rule 3.11 of the Listing Rules. The suitable candidates identified by the Company will also fill the vacancies in the audit committee, remuneration committee and nomination committee.