On August 17, 2015, Lei Pei resigned as Global Future City Holding Inc.'s Chief Executive Officer, Chief Financial Officer, and Chairman of the company's board of directors, effective immediately. Mr. Pei's resignation from these positions was not caused by a disagreement with the company. On August 17, 2015, Junfei Ren resigned as the company's Secretary and Board member, effective immediately and Xiang Ling Yun resigned as a member of the Board, effective immediately.

On August 17, 2015, the Board appointed Ning Liu as the company's Chief Executive Officer and Chairman of the Board. Mr. Liu began working for the company as its President, Chief Operating Officer and Board member as of April 2015. Mr. Liu is the founder and serves as the President of American International Cultural Exchange Foundation (AICEF) in Los Angeles, California.

On August 17, 2015, the Board appointed Michael Dunn as the company's Chief Financial Officer, Chief Operating Officer, Secretary, and Treasurer. Mr. Dunn has been working for the company for the past 7 years, and has served in various capacities such as the company's former Chief Executive Officer, Chief Financial Officer, and Secretary. The company decided to offer Mr. Dunn the role of Chief Financial Officer, Secretary, Treasurer, and Chief Operating Officer given Mr. Dunn's prior experience with the company.