The board of directors of Synertone Communication Corporation announced that with effect from 19 May 2023, Mr. Chong Alex Tin Yam has been appointed as the executive Director of the Company. Mr. Chong, aged 51, is a certified management accountant (fellow) of the Institute of Certified Management Accountants, Australia. He graduated from University of Toronto in Canada with a bachelor of commerce degree and completed an advanced study program in global economics at Massachusetts Institute of Technology (MIT) in the United States of America.

Mr. Chong possesses more than 20 years of investment, financial advisory and compliance experiences in the Asia and the USA markets and has been actively involved in blockchain related businesses since 2020. He has co-developed a Web3.0/Metaverse project and as its chief financial officer and executive director, he is responsible for overseeing its digital asset's trading platform and tokenomics. He is currently the co-founder and partner of a Web3.0 venture capital and consulting firm and was previously a member of the board of directors of NutryFarm International Limited from 2006 to 2008.

Mr. Chong is also an independent non-executive director of CBK Holdings Limited (Hong Kong GEM Board listed) and Mr. Cheng Nicholas Tat Hei has been appointed as the independent non-executive Director. Mr. Cheng, aged 37, graduated from Monash University in Australia with bachelor of commerce and bachelor of business system degrees and he further obtained a master of business administration degree from the University of Hong Kong. Mr. Cheng is a certified public accountant of the CPA Australia and is a member of the Hong Kong Securities and Investment Institute.

Mr. Cheng possesses more than 15 years' experience in the field of accounting, auditing, investment and corporate finance.