The board of directors of Unitas Holdings Limited announced that Mr. Yau Yan Ming Raymond ("Mr. Yau") has resigned from his positions as an independent non-executive Director with effect from 13 October 2020 in order to devote more time on his other business engagements. The Board further announces that Dr. Chow Ho Wan, Owen ("Dr. Chow") has been appointed as an independent non-executive Director with effect from 13 October 2020. Dr. Chow, aged 44, is the founder and chairman of Sino Fame International Group Limited, Sino Fame Education Group Limited and the SF Capital Limited. He is also the founder and chairman of the Association of International Certified Financial Consultants (AICFC). Dr. Chow is currently an independent non-executive director of CIL Holdings Ltd. (0479.HK) and Hong Wei (Asia) Holding Limited (Stock Code: 08191). He was an independent non-executive director of GBA Holdings Limited (Stock Code: 00261), Wan Leader International Limited (Stock Code: 08482) and Century Entertainment International Holdings Limited (Stock Code: 00959). Dr. Chow obtained the degree of Bachelor of Commerce from the University of Toronto, Canada in 1999 and subsequently obtained the Master of Science in Finance from the Chinese University of Hong Kong in 2003, the Bachelor of Laws from Tsinghua University, PRC in 2006 and the Doctor of Business Administration from European University, Switzerland in 2011. Dr. Chow also completed the Postdoctoral Global Leadership Research Program in University of Oxford. Following the resignation of Mr. Yau as an independent non-executive Director, he ceased to be the chairman of the audit committee (the "Audit Committee"), and a member of each of the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company with effect from 13 October 2020. Dr. Chow, an independent non-executive Director, has been appointed as the chairman of the Audit Committee, and a member of each of the Remuneration Committee and the Nomination Committee.