The Board of Wealthy Way Group Limited announced that Mr. Xie has been re-designated from a non-executive Director to an executive Director with effect from 2 January 2020, due to his assumption of more responsibility within the Group. The Board of the Company also announced that Mr. Kam has been appointed as an independent non- executive Director of the Company and a member of the audit committee of the Company with effect from 2 January 2020. Mr. Kam has over 15 years of working experience in corporate finance. Mr. Kam has served as a managing director of Innovax Capital Limited (Innovax Capital') since February 2017. He has been a responsible officer of Innovax Capital for Type 6 regulated activities (advising on corporate finance) under the SFO since April 2017 and Mr. Kam is one of the sponsor principals of Innovax Capital Limited.