Prosperity International Holdings (H.K.) Limited announced that the board of the directors the Company announced that with effect from 18 December 2020: Mr. Wong Ben Koon has resigned as an executive Director; an authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance. Following Mr. Wong's resignation as an executive Director, he ceased to be the chairman of the Board (the ``Chairman''); Mr. Nie Qiaoming and Mr. Ma Xin have resigned as executive Directors due to their personal commitments; Mr. Zhao Gen has resigned as an independent non-executive Director due to his other business engagements. Following Mr. Zhao's resignation as an INED, he ceased to be a member and the chairman of the audit committee of the Company and the nomination committee of the Company and a member of the remuneration committee of the Company; Mr. Guan Guisen has resigned as an INED due to his other business engagements. Following Mr. Guan's resignation as an INED, he ceased to be a member of the Audit Committee and the Nomination Committee and a member and the chairman of the Remuneration Committee; Ms. Sun Shui has resigned as the company secretary of the due to her other personal commitments which require more of her dedication; Mr. Xie Qiangming the chief executive officer of the Company has been appointed as the Chairman and the chairman of the Nomination Committee; and Mr. Yan Xiaotian, an INED, has been appointed as a Part 16 Authorised Representative, an Exchange Authorised Representative, the chairman of the Audit Committee, a member of the Nomination Committee and a member and the chairman of the Remuneration Committee. The company approved Yan Xiaotian as Chairman of Audit Committee and Remuneration Committee and member of Nomination Committee.