Appointment of Directors

GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, is pleased to announce the appointment of Mr Bai GuoJin (“Jack Bai”) and Mr Tan Guan Han, Shayne (“Shayne Tan”) as Executive Directors of the Company with immediate effect.

Jack Bai has over 30 years’ 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, and leads the development of, the Coalculus blockchain technology, which enables enterprise-ready blockchain-as-a-service to financial institutions and enterprises.  He until recently held the role of Non-executive Director at iSentric Ltd (now IOUpay), an ASX-listed company.

Shayne Tan holds a Bachelor of Business Management Degree from Singapore Management University and has more than five years of sales, operations and management experience, primarily involving distributed ledger technology in growth stage companies.  He  is Chief Marketing Officer for, and a co-founder of, the Coalculus blockchain platform.

Tone Goh, Chairman of GST, commented:  “We are delighted that Jack Bai and Shayne Tan have joined the GST board.  Both have significant fintech experience, particularly in relation to blockchain.  Jack led the strategic investment in the Company announced on 19 January 2021 and we look forward to both him and Shayne bringing their considerable skills to GST as we seek to develop the business.  We look forward to making further announcements as we make progress in the implementation of our strategy during the course of 2021.”