On August 29, 2018, the board of directors of Wave Sync Corp. appointed Ms. Mei Yang, the current chairperson of the Board, as the Chief Executive Officer of the Company, effective August 30, 2018. Ms. Mei Yang has served as the chairperson of the Board of the Company since January 2015.

From December 2013 to December 2014, Ms. Yang served as the vice president of Shenzhen Qianhai Exce-card Technology Co., Ltd, which is a wholly owned subsidiary of Guangzhou Yuzhi Information Technology Co. Ltd. that has the management agreements with the Company. From June 2009 to November 2013, Ms. Yang served as the chief financial officer of Beijing Yuxin Shangfang Technology Company.

On August 29, 2018, the Board appointed Mr. Hon Man Yun as the Chief Financial Officer, effective August 30, 2018. Mr. Hon Man Yun has served in several financing and accounting positions at different private and publicly traded companies. Mr. Yun has been the Chief Financial Officer of Kiwa Bio-tech Products Group Corporate from April 2018 till now, and a vice president, the chief accountant and compliance and internal audit officer and the secretary for Kaisun Energy Group Limited from May 2017 till now.

Mr. Hon Man Yun was an associate at China Merchants Securities (Hong Kong) Co., Limited from December 2014 to May 2017 and financial controller at E Lighting Group Limited from March 2013 to September 2014. Previously Mr. Yun served as a corporate consultant at Smart Pine Investment Limited from September 2007 to December 2014. Mr. Yun was an independent director, the chairman of the audit committee, a member of the compensation committee and corporate governance and nominating committee of Chisen Electric Corp.

from November 2008 to February 2013.