On October 29, 2015, Sino Payments, Inc.'s Board of Directors directed and approved the formation of an Audit Committee of the company and the appointment of the following as the Audit Committee's initial members: Mr. Matthew Mecke, Mr. Johan Pehrson and Mr. Edmund Yeung with immediate effect. On October 29, 2015, Bella Tsang, the principal financial officer, Treasurer, Secretary and a Director from the Board tendered her resignation as principal financial officer and Treasurer, effective November 5, 2015. Ms. Tsang's resignation was not as a result of any disagreement with the company's operations, policies or practices, and she will remain to serve as the company's Secretary and as a member of the company's Board of Directors.

On October 29, 2015, Channing Au Cheuk Lun was appointed by the Board to serve as the Chief Financial Officer of the company, effective November 5, 2015. Mr. Au joined Value Exchange Int'l (China) Limited, a subsidiary of the company, as the Chief Financial Officer in August 2015. Prior to joining the company, Mr. Au served as an Audit Manager at Crowe Horwath (HK) CPA Limited since 2010.