Ando Holdings Ltd. announced on April 14, 2020 (the Effective Date), the existing Chief Financial Officer, Secretary and Treasurer resigned immediately. Accordingly, Ms. Lee Hiu Lan, serving as the Chief Financial Officer, Secretary and Treasurer, ceased to be the Company's Chief Financial Officer, Secretary and Treasurer. On the Effective Date, Mr. Lam Chi Kwong Leo, the company's current Chief Executive Officer, president and director, has consented to act as the new Chief Financial Officer, Treasurer and Secretary of the Company.

Mr. Lam Chi Kwong Leo, age 43, graduated from the University of Ottawa, Canada with a bachelor of science degree in 2000. Since 2013, Mr. Lam was the Chief Executive Officer and one of the founders of Red Stone Global Investment, which provides a comprehensive range of financial services in risk management, fund-trading, offshore account, trust, asset refinancing and management. He was responsible for establishing the company structure, compliance monitoring system, and administrative system of the company.

From 2014 to 2015, Mr. Lam served as the Head of Fund Distributor of Asia One Financial Group, which provides comprehensive financial planning services and portfolio management services to institutional and individual clients in Asia. He was responsible for the marketing of the fund distribution in Asia and had raised more than 25 million USD within 1 year. Since June 2017, Mr. Lam was appointed as the President, Chairman, Chief Executive Officer and Director of the Company.

With sufficient experience in planning and management work, Mr. Lam has been appointed to replace Ms. Lee, as a Chief Financial Officer, Secretary and Treasurer of the Company in April 2020.