TGS International Ltd. announced that on March 31, 2021, Mr. Sai Kit Leung resigned as the Chief Financial Officer. Mr. Leung’s resignation was effective immediately. Prior to Mr. Leung’s and Mr. Wong’s resignations, they appointed Mr. Tao Wang (Mr. Wang) as the Company’s new Chief Financial Officer. There were no disagreements between Mr. Leung and Mr. Wong and the Company on any matter relating to the Company’s operations, policies or practices, which resulted in their resignation. Tao Wang shall serve as Chief Financial Officer from March 31, 2021. Mr. Wang has extensive knowledge and experience in finance and banking as well as abundant business network throughout People’s Republic of China (PRC). Mr. Wang has been an executive director of Guangxi Beihai Baohua Chemical Co. Ltd. since April 2017 and is responsible for the company's business marketing and M&A transactions in the energy and resource sector.