Effective October 30, 2019, Document Security Systems, Inc.'s Board of Directors elected Mr. William Wu as a non-executive, independent member of the Company's Board. Mr. Wu, has served as the managing director of Investment Banking at Glory Sun Securities Limited since January 2019. Mr. Wu previously served as the executive director and chief executive officer of Power Financial Group Limited from November 2017 to January 2019. Mr. Wu previously served as the executive director and chief executive officer of Power Financial Group Limited from November 2017 to January 2019.