The board of directors of Global Token Limited (the "Company") announced that Mr. Yu Lap Pan ("Mr. Yu") resigned his position as the financial controller ("Financial Controller") and the company secretary ("Company Secretary") of the company and will cease to act as the authorized representative ("Authorised Representative") of the company with effect from 31 August 2020 due to his other business commitment and engagement. The Board also announced following the resignation of Mr. Yu, Mr. Shi Guang Rong, an non-executive Director, has been appointed as an authorized representative of the company with effect from 31 August 2020.