The board of the directors of 361 Degrees International Limited announced that, with effect from 4 August 2020, Mr. Li Yuen Fai Roger has resigned as an independent non-executive Director due to his new positions with the Company. As a result of his resignation as an independent non-executive Director, Mr. Li ceased to be the chairman of the audit committee and member of the nomination committee of the Company. Following the resignation of Mr. Li as an independent non-executive Director, Mr. Wu Ming Wai Louie (Mr. Wu) has been appointed as an independent non-executive Director, the chairman of the Audit Committee and member of the Nomination Committee with effect from 4 August 2020. Mr. Wu Ming Wai Louie is currently the sole proprietor of Louie Wu & Co., Certified Public Accountants which was founded by Mr. Wu in 1993. Mr. Wu is also a member of the Finance Committee of the Hong Kong Arts Centre and the honorary auditors of both Anita Mui "True Heart" Charity Foundation and Hong Kong Federation of Drama Societies. The Board announced that Ms. Choi Mun Duen has resigned as the company secretary of the Company and chief financial officer of the Company with effect from 4 August 2020 and she has also ceased to act as an authorised representative of the Company under Rule 3.05 of the Listing Rules due to her desire to focus on her family. The Board further announced that Mr. Li, the former independent non-executive Director who is an associate member of the Hong Kong Institute of Certified Public Accountants, has been appointed as the Company Secretary, CFO and authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 4 August 2020.