By virtue of a communiqué dated 9th January 2020, the Board of Directors of Automatic Systems Ltd. (the "Board") informed the Shareholders and the public at large that Mr. Robert Ah Yan would take over from Mr. Guillaume Hardy, the current Managing Director and be appointed as General Manager of Automatic Systems Ltd. (''the Company'') as from 1st May 2020. Considering the COVID-19 pandemic affecting the Company's activities and the challenges ahead, the Board has resolved, after discussion with Messrs Guillaume Hardy and Robert Ah Yan, that Mr. Guillaume Hardy remains as Managing Director of the Company for the time being, with the same existing terms of employment and that the appointment of Mr. Robert Ah Yan as General Manager be postponed to a later date.