Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers.
On November 18, 2020 the Board of Directors accepted the resignation of Mr. Chow
Wing Fai as Chief Financial Officer ("CFO") and Secretary and the resignation of
Chow Chloe as a director of Banny Cosmic International Holdings, Inc. (the
"Company"). At the same time, the Board elected Mr. Lau Sung Tat (Vincent) as a
director, CFO and Secretary of the Company. Mr. Lau will hold these positions
until he is replaced, resigns, or is removed from office. Mr. Chow Wing Fai and
Ms. Chow Chloe based their resignations from the above positions on personal
matters, not because of any disagreement with the Company on any matter related
to the Company's operations, policies or procedures.
Biography
Mr. Lau Sung Tat (Vincent)
Mr. Lau, aged 62, graduated with major in Finance and Accounting of Business
Management and Administration degree from Wah Har College of Hong Kong in 1987.
After graduation, he worked for Runglin Overseas Limited (a subsidiary company
of ICEE USA) from 1988 to 1989 in East Asia and was involved in business
management. In 1990, he worked for Anthony P. S. Lui & Co., a C.P.A. firm in
Hong Kong, as Vice President and was involved in the auditing, accounting, and
business consultancy until 2005. In 2010, he joined with Topwe & Co., a C.P.A.
firm in Shenzhen, China as an overseas partner until 2013. In 2013, he was
appointed by China Oil Gangran Energy Holdings Company Limited (a company listed
on the GEM Board in Hong Kong) as an Independent Non-Executive Director,
Chairman of the Company's Audit Committee and Remuneration Committee until July
31, 2019. His professional qualification includes Member of the Institute of
Public Accountants in Australia, Hong Kong Institute of Certified Public
Accountants (International Affiliate), Member of the Association of Financial
Accountants (UK) and Associate member of Montana Society of Certified Public
Accountants in United States. Since 2018, he has been also appointed as the
Chairman of the Financial Development Committee and Vice President of the
Council of the Hong Kong Federation of Commerce for Small and Medium
Enterprises.
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BANNY COSMIC INTERNATIONAL HOLDINGS, INC. 
