Effective December 17, 2022 the Company received the resignations of Erik Savenstrand, Michael Kelly, Randall Fahey, as Directors, and John Trainor as the Chairman of the Board of Directors. Mr. Clarence Chan was appointed as the new Chairman of the Board of Directors of the Company. Mr. Chan holds a Master of Business Administration, Chinese University of Hong Kong and a Master of Science, University of Science and Technology, Hong Kong.

In addition, he is a Chartered Alternative Investment Analyst; a Certified Management Accountant; he is Certified in Financial Management; and he is the principal in Fugu Enterprises Inc. since 2006.