Mr. He Xianhan, Chairman of the Board of Directors of FerroTec (China), officially took office as the Representative Director and President of Japan Magnetic Technology Holdings Co., Ltd. on July 31, 2020, and was appointed as the new chairman of Hangzhou Zhongxin Semiconductor Wafer Co., Ltd. at 12:00 China time. On behalf of the director and president, the video link board of directors was held.