NetSol Technologies, Inc. announced Mr. Shahid J. Burki is retiring and is not standing for re-election for fiscal year 2020. Mr. Naeem Ghauri is not standing for re-election. Mr. Naeem Ghauri, as founder and CEO of OTOZ, Inc. and Innovation Lab as well as Head of Global Sales of the Company, finds he will be more instrumental in focusing in those capacities at this time.