On April 24, 2017, the Board of Directors of Xenetic Biosciences, Inc. appointed James F. Parslow as the company's principal accounting officer, effective immediately. Mr. Parslow will continue to serve in his current roles as the company's Chief Financial Officer and principal financial officer in addition to his newly appointed role of principal accounting officer. Mr. Parslow has served as the company's Chief Financial Officer since April 3, 2017. Prior to joining the company, he served as Chief Financial Officer, Treasurer and Secretary of World Energy Solutions, Inc. from 2006 until its acquisition by EnerNOC, Inc. in 2015. From 2015 until April 2017, he served as an independent consultant providing interim chief financial officer services to multiple emerging technology companies.