The Board of Global Token Limited hereby announced that Dr. Pang Huadong is appointed as a Chief Operation Officer and Ms. Cheng Dan is appointed as a Chief Investment Officer and Dr. Xing resigned from proposed position of Chief Marketing Officer with effect from the Effective Date. Dr. Pang is appointed as chief operation officer ("COO") of the Company with effect from 10 October 2018; Ms. Cheng is appointed as chief investment officer ("CIO") of the Company with effect from 1 November 2018.