The board of directors of Global Token Limited announced that Mr. Xu Wenbin ("Mr. Xu") has been appointed as an executive Director, with effect from 2 April 2020. Mr. Xu has over 9 years of experience in sales and promotion, project management, marketing and research, corporate management and supply chain management. Mr. Xu has not been appointed for a specific term. He will hold office until the next annual general meeting of the Company and will be subject to retirement by rotation and re-election in accordance with the bye-laws of the Company.