The board of directors of Cowell e Holdings Inc. announced that Mr. Cho Young Hoon has resigned as a co-chief executive officer of the Company the CFO and the Authorized Representative with effect from March 1, 2021 in order to devote more time to his personal business. The Board further announced that Mr. Wu Ying-Cheng an executive Director, has been appointed as the Chief Executive Officer of the Company and the CFO with effect from March 1, 2021. Mr. Wu Ying-Cheng was appointed as an executive Director with effect from 15 January 2021. Mr. Wu has been working in the semiconductor assembly technology and camera module development industries since 1995. He has been a general manager of Lite-On Singapore Pte. Limited for portable image device business unit since 2015 and a general manager of Luxvisions Innovation Limited since 2018.