Asia Equity Exchange Group, Inc. announced that on October 30, 2017, Ms. Yue Ming has resigned as a member of the board of directors and from the position as the company's Chief Financial Officer, effective immediately. The Board accepted Ms. Ming's resignation. Ms. Ming's decision to resign did not result from any disagreement with the company on any matter relating to the company's operations, policies or practices.

On October 30, 2017, the Board appointed and approved Mr. Yau Chit Man Samuel to fill the vacancy of CFO created by the resignation of Ms. Ming, effective on October 30, 2017 immediately. Mr. Yau is entitled to an annual compensation of $16,800. On the same day, the Board also appointed and approved Mr. Samuel Yau as a member of the Board, to fill the vacancy of the board seat created by the departure of Ms. Ming.

Mr. Yau had served as the financial controller of Hontrade Engineering Limited from May 2010 to March 2017.