Timeless Software Limited announced that Mr. Chan Mei Ying Spencer ("Mr. Chan") has tendered his resignation as Chief Executive Officer of the company with effect from 1 February 2021 due to his intention to devote more time for other engagements. The appointment of Mr. Chu Pui Lam ("Mr. Chu") as the Acting Chief Executive Officer of the company with effect from 1 February 2021 is approved by the Board. Mr. Chu is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Chu is also the Internal Control Manager of the Group. Prior to joining the Group in August 2018, he had worked in an international accounting firm and acquired extensive experience in the banking industry with wide exposure in finance, compliance and risk management in the past 15 years.