BEIJING, March 4, 2021 /PRNewswire/ — Mercurity Fintech Holding Inc. (the “Firm” or “MFH”) (Nasdaq: MFH) in the present day introduced that Mr. Cong Huang has been appointed as Unbiased Director to the Firm’s Board of Administrators (the “Board”), and Mr. Liu Hao has been appointed as a Director to the Board. These modifications have been implement on March 4, 2021.
Mr. Cong Huang is a famend researcher and entrepreneur in monetary expertise innovation. After receiving the PhD diploma in Statistics from Yale College, he labored at Columbia College as an Assistant Professor within the Statistics Division, conducting analysis targeted on algorithms and implementations in knowledge mining. After a time period, he determined to go away campus to develop his profession in monetary innovation and expertise. At Goldman Sachs (GS), he performed a pivotal position in growing varied new fashions and algorithms to enhance the velocity and accuracy of choices pricing strategies. At McKinsey & Firm, he helped monetary establishments implement strategic innovation and transformation initiatives. As a founding member of PingAn Lufax (Nasdaq: LU), he led the Revolutionary Product Division and developed quite a few retail mortgage merchandise from zero, which have been extensively used for reference by Web finance trade. Because the CEO of Xiaoying Tech (Nasdaq: XYF), one of many prime finance firms in China, he arrange the administration and operations construction to carry the buying and selling quantity from RMB100 million monthly to RMB3 billion monthly in two years. In the meantime, Mr. Cong Huang is the founder and CEO of Weiyan Tech, a number one AI firm that gives risk-control and advertising and marketing options for monetary establishments. Mr Huang has Bachelor’s diploma in Arithmetic from the College of Science & Know-how of China and a PhD diploma from Yale College.
Mr. Liu Hao is the founder and President of Columbus Fintech LTD, one of many world’s main monetary knowledge expertise firms in addition to co-founder and CEO of Jeethen Capital. Mr. Liu is a senior fintech knowledgeable and has been invited to take part within the International Quantitative Finance Convention a number of occasions. He’s a pioneer of the mixture of synthetic intelligence expertise and quantitative buying and selling, and he arrange a monetary algorithm cloud service, which has served greater than 150 listed firms and securities corporations. Mr. Liu can also be a pacesetter within the subject of blockchain purposes and one of many initiators of the Hong Kong Blockchain Affiliation. He led the staff that developed cross-chain clearing expertise, which achieved a breakthrough within the interconnection of multi-chain companies and vastly promoted the appliance and improvement of blockchain expertise. Mr. Liu Hao can also be an angel investor in numerous monetary expertise firms, with intensive trade expertise and glorious strategic imaginative and prescient.
“It is an ideal honor to affix MFH,” Mr. Liu stated. “As a fintech firm specializing in blockchain expertise, MFH has an ideal imaginative and prescient and entrepreneurial spirit. The core administration staff and I share the identical mission for the way forward for the Firm’s improvement. We imagine that eventualities for blockchain purposes can be extensively utilized in monetary transactions, asset administration, provide chain supervision, and different associated fields. Below the present market surroundings, we’re extra prepared to do analysis on in-depth expertise, technological innovation of funding and asset administration and companies, and the mixing of recent fintech compliance and digital forex on a world scale. We take into account the chances of investing and holding digital belongings comparable to bitcoin underneath compliance situations, and we additionally want to present the expertise of our conventional asset administration and expertise and the way it has amassed to this younger subject up to now a long time.”
“On behalf of the Board of Administrators, I warmly welcome Mr. Liu Hao and Mr. Huang Cong to affix the Board,” Ms. Hua Zhou, Chairperson of the Board and Chief Govt Officer, commented. “Each are prime consultants in monetary expertise and blockchain. With the introduction of two new administrators, our staff will construct stronger capabilities in SaaS service methods comparable to a decentralized buying and selling system, clearing and matchmaking counters, and penetration funding options for blockchain belongings and monetary belongings. Within the latest future, our blockchain fee and cross chain situation purposes will progressively launch to the market. We imagine that the appliance of blockchain expertise is an integral a part of monetary expertise, which isn’t solely a course, but in addition an vital device for altering the market and optimizing the monetary surroundings. I imagine that the 2 administrators can dedicate their experience to strengthening our innovation and touchdown capabilities.”
Protected Harbor Assertion
This announcement accommodates forward-looking statements. These statements are made underneath the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology comparable to “purpose,” “anticipate,” “imagine,” “estimate,” “anticipate,” “hope,” “going ahead,” “intend, ” “should, ” “plan, ” “mission,” “potential,” “search,” “could,” “would possibly,” “can,” “may,” “will,” “would,” “shall,” “ought to,” “is prone to” and the adverse type of these phrases and different related expressions. Amongst different issues, statements that aren’t historic information, together with statements in regards to the Firm’s beliefs and expectations are or include forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a few elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. All info offered on this press launch is as of the date of this press launch and is predicated on assumptions that the Firm believes to be affordable as of this date, and the Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant legislation.
Mercurity Fintech Holding Inc.
Tel: +86 (10) 5360 6428
SOURCE Mercurity Fintech Holding Inc.