Luokung Technology Corp. announced that the appointments of the new members of the company's Board became effective upon the closing of the transactions contemplated in Asset Exchange Agreement by and between the company and C Media Limited, dated January 25, 2018. The new Board members are Mr. Xuesong Song, Mr. Dennis M Galgano, Dr. Jiming Ha, Mr. Zhihao Xu, Mr. Jin Shi and Mr. Kegang Peng.

In addition, the New Board has appointed Mr. Xuesong Song as the new Chairman and CEO of the Company and Mr. Jie Yu as the new CFO, effective on August 19, 2018. Most recently he was a registered consultant with Morgan Joseph Triartisan LLC from November 2016 until October 2017 and he was the Vice Chairman and Head of International Investment Banking at Morgan Joseph TriArtisan LLC from January 1, 2013 to October 2016. On August 19, 2018, the Board appointed Messrs.

Galgano, Shi and Ha as members of the company's Audit Committee, Messrs. Galgano and Shi as members of the Compensation Committee, and Messrs. Ha and Zhihao Xu as members of the Nominating and Corporate Governance Committee.

On August 24, 2018, the Board appointed Dr. Chuang Tao as a director of the company and Mr. Pudong Zhang as the president of the company, effective upon the closing of the acquisition of Superengine Holding Limited by a wholly-owned subsidiary of the company. Dr. Tao was the Chairman of SuperEngine Graphics Software Technology Development (Suzhou) Co. Ltd. until 2017 and Mr. Zhang is the CEO of SuperEngine Suzhou, an affiliated company of Superengine Holding Limited.

Dr. Tao is currently the executive chairman of Chinese entrepreneur Zhenghedao Shanghai and the Executive Vice - President of the Shanghai European and American Association. Mr. Zhang is the vice president of the China Smart City Industrial Innovation Technology Alliance, and the project leader of the 863 project "smart city phase ii" of the Ministry of Science and Technology.