Integrated Media Technology Limited announced that Effective as of January 15, 2021, the Board appointed Mr. Luis Puyat ("Mr. Puyat") as the independent member of the Board as well as member of Audit, Compensation and Nominating Committees. Mr. Puyat meets the Nasdaq Stock Market independence requirements as well as additional independence requirements under U.S. securities laws for membership on the Audit Committee. On the same date company current director Mr. Uwe Parpart's status was changed from Independent non-Executive Director to Executive Director. Mr. Parpart also resigned from the Audit Committee. Mr. Puyat is currently the Chief Executive Officer of VGP Investments Inc. Mr. Puyat is also the Executive Director of privately funded First Sovereign Asset Management Inc. Prior to this, Mr. Puyat was involved in the Puyat family owned Manila Bank from 1986 to 2007, acting as the president from 1994 to 1999, and as Chairman of the Board from 1999 to 2007.