The board of directors of GTI Holdings Limited announced that: Mr. Tan Teng Hong ("Mr. Tan") has been appointed as an executive Director of the Company with effect from 2 November 2020; Dr. Tse Kwok Sang ("Dr. Tse") has resigned as an independent non-executive Director, the chairman of each of the nomination committee and remuneration committee and the member of each of the audit committee and corporate governance committee of the Company with effect from 2 November 2020; Mr. Chiu Wai Piu ("Mr. Chiu") has resigned as an independent non-executive Director and the member of each of the audit committee, remuneration committee, nomination committee and corporate governance committee of the Company with effect from 2 November 2020; Mr. Cheung Kiu Cho Vincent ("Mr. Cheung") has been appointed as a non-executive Director and the member of each of the audit committee, remuneration committee and nomination committee of the Company with effect from 2 November 2020; Mr. Chung Lim Tung ("Mr. Chung") has been appointed as an independent non-executive Director, the chairman of each of the nomination committee and corporate governance committee and the member of the audit committee of the Company with effect from 2 November 2020; Mr. Ng Ka Lun ("Mr. Ng") has been appointed as an independent non-executive Director and the member of each of the nomination committee and remuneration committee of the Company with effect from 2 November 2020; Mr. Zhou Weijia (alias Zhou Yi) ("Mr. Zhou") has been appointed as an independent non- executive Director and the member of each of the remuneration committee and corporate governance committee of the Company with effect from 2 November 2020; Mr. Ng Kwok Hung Perry ("Mr. Perry Ng") has been appointed as the member of each of the nomination committee, remuneration committee and corporate governance committee of the Company with effect from 2 November 2020; Mr. Chan Shu Kin ("Mr. Chan") has been appointed as the chairman of the remuneration committee and re-designated from chairman to member of the corporate governance committee; and Mr. Poon Sum ("Mr. Poon") has resigned as the chairman of the Board with effect from 2 November 2020 but will remain as an executive Director.