Asia Equity Exchange Group, Inc. announced that Mr. Xiangyu Wang notified the Company of his resignation as the chairman of board of directors and his positions as Chief Executive Officer and President of the Company, effective immediately. On June 12, 2018, the Board appointed Ms. Song Gao to fill the vacancy of the chairman of the Board and the positions of Chief Executive Officer and President created by the resignation of Mr. Xiangyu Wang, effective immediately.