On September 7, 2021, Mr. Yimin Jin tendered his resignation as Co-Chief Executive Officer of Code Chain New Continent Limited, effective September 7, 2021. On September 7, 2021, approved by the Board of Directors and the Compensation Committee, Mr. Tingjun Yang was appointed as the Co-Chief Executive Officer of the Company, effective September 7, 2021. Mr. Tingjun Yang was the CTO of Phantec BigData Technology, from 2014 to 2017, during which time Mr. Tingjun Yang led his team to independently develop a system of high-performance computing cluster based on GPU parallel processing and the finite element method. Mr. Yang has over 15 years of experience in the design and development in artificial intelligence and big data industry and are knowledgeable in blockchain technology and cloud computing.