Mmtec, Inc. announced that effective as of June 18, 2020, Zhen Fan, Chief Executive Officer of company tendered his resignation as the CEO and a Board member for personal reasons and to pursue other business opportunities. Following Zhen Fan's departure, the Company's Board of Directors appointed Xiangdong Wen, the Company's Chairman, to hold the offices of the Company's Chief Executive Officer effective immediately. Xiangdong Wen has served as the Company's Chairman since January 2018.