Departure of directors or principal officers; election of directors; appointment of principal officers

Effective August 3, 2020, Keynes Technology Co Ltd. (the “Company”) regrets that it has to report the resignation of Mr. Ming-Po Yen (“Mr. Yen”) from the positions of Chief Executive Officer and President of the Company due to health issues. Mr. Yen served in these positions since June 18, 2020.

On August 3, 2020, the Company’s Board of Directors appointed Ms. Pi-Lien Kuo (“Ms. Kuo”), aged 67, to act as the new Chief Executive Officer and President of the Company.

The biography for the new officer of the Company is set forth below:

Ms. Kuo graduated from San Sin High School of Commerce and Home Economics with accounting major in Taiwan in 1971. Ms. Kuo has been working in CPC Corporation, Taiwan from 1971 to 2018. Ms. Kuo started as an accounting clerk and promoted to CFO throughout her career. CPC Corporation, Taiwan manufactures petroleum products. CPC Corporation, Taiwan explores, develops, refines, transports, and markets gasolines, diesel oils, fuel oils, and other products. CPC Corporation, Taiwan provides its services throughout Taiwan. Ms. Kuo was responsible for financial management and cashier management for CPC Corporation, Taiwan.

The Company believes Ms. Kuo’s managing experiences, and profound knowledge in finance make her well-positioned for her role as Chief Executive Officer and President.

Keynes Technology Co Ltd., (stock code KYNS) commits to the provision of service and technology products for preschool education, and the research, development, and expansion of educational service-related software suitable for children in preschool education. Through the feedback of the cerebrum, we will respond with the learning content that is most suitable for children for the best learning effect. Keynes Technology Co Ltd. will construct an advanced cognitive and thinking cloud platform. Through the capital markets, we will seek financing worldwide for upgrading industrial development and technology leadership.

For further information, please visit www.keynestec.com/web/tw