Reverse Corp. Limited announced that Peter Ritchie has resigned as Chairman of the company effective 12 August 2020 with Mr. Shao Jing Wang to replace him effective 12 August 2020. Richard Bell and Gary Hillberg have also resigned as Directors of the company effective 12 August 2020 with Mr. Jian Dong Hu and Mr. Charles Wantrup appointed as replacements. Mr. Wang and Mr. Wantrup are directors of one the company's largest shareholders Q Services Holdings Limited and Twenty Cents Holdings Pty Limited who combined own 19.9% of REF's shareholding.