Wave Sync Corp. restructured the board of directors of the company by removing Mei Yang, Zuyue Xiang and Minqin Tang from the Board and appointing the following individuals to the Board: Jiang Hui, Hon Man Yun, Hong Chen, Xiaoyue Zhang and Ming Yi, effective immediately. Among the member of the New Board, Ming Yi shall serve as the Chair of the Audit Committee, Hong Chen the Chair of the Compensation Committee and Xiaoyue Zhang the Chair of the Nominating and Corporate Committee. Mr. Jiang Hui has worked as the executive vice president at Move the Purchase Consulting Management (Shenzhen) Co. Ltd. from January 2020 till now. Mr. Hon Man Yun has served in several financing and accounting positions at different private and publicly traded companies. Mr. Hong Chen has worked as the Chairman of the board of directors for Grand Cartel Securities Co. Ltd. (“Grand Cartel Securities”) since 2014 until now. Mr. Ming Yi worked as the Chief Financial Officer at SSLJ.com Limited from 2018 to 2019. Ms. Xiaoyue Zhang founded Zoe Creation LLC in 2019.