Peak Positioning Technologies Inc. announced that the Company and Mr. Jiang Wang have mutually agreed that it would be in the best interest of the Company to appoint a new member to its board of directors with intimate knowledge of the Chinese small business lending space. Coupled with the impending arrival of ASFC, the move would be in line with the Company's approach of putting more emphasis on providing financial services to small and medium-sized businesses through its fintech platforms. Mr. Wang has therefore resigned from the Company's board so that a new member may be appointed. Early candidates to fill the vacant board position include senior executives from Jiu Dong Limited, the Company's strategic partner in ASFC.