On September 27, 2017, Mr. Pok Kam Li resigned as a member of the board of directors of Wave Sync Corp. On October 19, 2017, the board appointed Ms. Minqin Tang to the board to fill the vacancy created by Mr. Li’s resignation. Mr. Pok Kam Li resigned from the board of the company for personal reasons. Ms. Minqin Tang, since July 2014 has served as an executive producer at Premier Event Management in New York. From June 2013 to the date hereof, Minqin serves as the chief executive officer for Excelture Group LLC in New York. Ms. Tang is a founding member of the US China Federal Association of Business Councils, which began in September 2011.