On April 6, 2018, Yip Cheuk Fai provided LiNiu Technology Group with notice of his resignation as chief financial officer and a member of the board of directors, effective immediately. Mr. Yip's resigned due to his disagreement with some members of the Board on the strategy and direction of the Company. Mr. Yip continues to work with the Company as a consultant.

The company is in the process of identifying a new chief financial officer and a member of the board of directors to fill the vacancy created as a result of Mr. Yip's resignation.