Timeless Software Limited announced Mr. Felipe Tan ('Mr. Tan') resigned as Chairman of the Board and executive Director of the company due to his health issues. Following his resignation as Chairman of the Board and executive Director, Mr. Tan remains the substantial shareholder (as defined in the rules governing the listing of securities on GEM of The Stock Exchange of Hong Kong Limited) of the Company and directors of certain subsidiaries of the Company. Mr. Tan has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company. Mr. Lam Kai Ling Vincent ("Mr. Lam") is appointed as executive Director of the Company. Mr. Lam, aged 36, has extensive experience in accounting and finance works in different industries in the past 15 years, of which more than 8 years' working experiences were in precious metals industry, especially in operation control and project management. Mr. Lam was appointed as a non-executive Director of the Company on 27 May 2015 and resigned on 29 July 2016. He is also directors of certain subsidiaries of the Company.