The board of directors of Auto Italia Holdings Limited announced that Dr. SANTOS Antonio Maria has resigned as an independent non-executive director of the Company ("INED"). Following his resignation, he has ceased to act as the chairman of the remuneration committee of the Company (the "Remuneration Committee") and a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee"), all with effect from 1 September 2020. The Board announced that Mr. TO Chun Wai ("Mr To") has been appointed as an INED, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee, all with effect from 1 September 2020. Mr. TO Chun Wai, aged 64, is at present the chief executive officer of a Hong Kong registered consultancy company, and an independent non-executive director of Greenheart Group Limited, the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited.