GSTechnologies Limited announced the appointment of Mr. Bai GuoJin (Jack Bai), an existing Executive Director, as the company's new Chief Executive Officer with immediate effect. Jack Bai, who joined the GST board in January 2021, has over 30 years' experience in software development for the financial and telecommunication industries. He is a successful technology entrepreneur, who has successfully built and exited multiple companies, including in fintech and payment solutions. He is a co-founder of Wise MPay, the Company's collaboration partner, and leads the development of the Coalculus blockchain technology. Since joining GST he has been leading the Group's blockchain technology activities and its plans to launch a borderless neobanking platform providing next-generation digital money solutions.