Item 5.07 Submission of Matters to a Vote of Security Holders.

On January 27, 2021, Andina Acquisition Corp. III (the "Company") held its 2020 annual general meeting (the "Annual Meeting") of shareholders. At the Annual Meeting, the Company's shareholders were presented the proposals to (i) re-elect three directors to serve as Class A directors the Company's board of directors until the 2023 annual meeting of shareholders of the Company or until their successors are duly elected and qualified, (ii) ratify the selection by the audit committee of Marcum LLP ("Marcum") to serve as the Company's independent registered public accounting firm for the year ended December 31, 2020 (the "Auditor Ratification Proposal") and (iii) to extend the date by which the Company must consummate a business combination from January 31, 2021 (or April 30, 2021 if the Company has executed a definitive agreement for a business combination by January 31, 2021) to April 30, 2021 (or July 31, 2021 if the Company has executed a definitive agreement for a business combination by April 30, 2021) (the "Extension Proposal"). The proposal to adjourn the Annual Meeting to a later date was not presented because there were enough votes to approve each of the foregoing proposals.

Set forth below are the final voting results for each of the foregoing proposals. Pursuant to the Company's Amended and Restated Memorandum and Articles of Association, directors are appointed by the affirmative vote of the holders of not less than a majority of the ordinary shares of the Company (the "Ordinary Shares") entitled to vote which were present at the Annual Meeting. The approval of the Auditor Ratification Proposal requires the affirmative vote of the holders of not less than a majority of the Ordinary Shares entitled to vote which were present at the Annual Meeting. The approval of the Extension Proposal requires the affirmative vote of the holders of at least two-thirds of the Ordinary Shares entitled to vote which were present at the Annual Meeting.

All three nominees were elected as directors with the following vote:





                         For          Withheld      Broker Non-Votes
  David Schulhof       3,920,991         4,115            N/A
Walter M. Schenker     3,924,513          593             N/A
    Roman Raju         3,924,513          593             N/A

The appointment of Marcum as the Company's independent registered public accounting firm for the fiscal year ended December 30, 2020 was ratified with the following vote:





    For         Against       Abstentions      Broker Non-Votes
  3,982,079        2,369            714                    0

The Extension Proposal was approved with the following vote:





    For          Against       Abstentions      Broker Non-Votes
  3,924,513         493              100                 N/A

Following redemptions of 300 Ordinary Shares in connection with the vote on the Extension Proposal, a total of approximately $13.5 million will remain in the Company's trust account.

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