GSTechnologies appoints Executive Director Jack Bai as CEO

– AUSTRALIA, Perth –  GSTechnologies Limited (LON: GST), the fintech and information technology solutions company, today announced the appointment of Jack Bai, existing Executive Director, as the new CEO with immediate effect.

“We are very pleased to announce that Jack Bai has been appointed as GST’s new CEO. Jack has been leading our blockchain technology activities since his appointment at the beginning of the year and we believe it is the opportune time to appoint him to the role of CEO to take GST to the next level of growth and development.” said Board Chairman, Tone Goh.

He added: “We have made significant further progress with our fintech plans since the announcement of the fundraising at the beginning of September. We are focused on both completing the recently announced acquisition of Angra and establishing a significant business from the stable coin network and applications that we are developing from our collaboration with Wise MPay.”

About Jack Bai

Jack Bai, who joined the GST board in January 2021, has over 30 years of experience in software development for the financial and telecommunication industries. He is a successful technology entrepreneur, who has successfully built and exited multiple companies, including in fintech and payment solutions. He is a co-founder of Wise MPay, the Company’s collaboration partner, and leads the development of the Coalculus blockchain technology. Since joining GST he has been leading the Group’s blockchain technology activities and its plans to launch a borderless neo banking platform providing next-generation digital money solutions.

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