The board of directors of Smartac International Holdings Limited announced that, Mr. Yang Xin Min, a non-executive Director and Chairman of the Board of the Company, has been re-designated as an executive Director with effect from 17 December 2020. Mr. Yang, was appointed as an executive Director of the Company in July 2000 and was re-designated as a non-executive Director of the Company with effect from 16 December 2019. Mr. Yang resigned as chief executive officer, a member of the Remuneration Committee and the Nomination Committee of the Company with effect from 16 December 2019.