Mercurity Fintech Holdings Inc (MFH), Major revamp of senior management team, focused on the innovation of digital currency economy

Professional team to reach new heights of the industry.

New York, NY, May 17, 2022 (GLOBE NEWSWIRE) – On May 10, 2022, Mercurity Fintech Holdings Inc. (MFH.US) announced that the Company had appointed Toh Er Yi, Qu Xiang as independent directors, and Qiu Shi as executive director on its board of directors. Along with the announcement, the company also named Qiu Shi as CEO and Steve Phuah as the company’s chief financial officer.

Qiu Shi is understood to be a recognized pioneer in the cryptocurrency industry. It is known to have a huge influence in the field of cryptocurrency mining, cryptocurrency asset management and possesses valuable information on the management and innovation landscape within the cryptocurrency industry.

Qiu Shi is a prominent young entrepreneur. He holds a bachelor’s degree in Risk Management and Actuarial Science from Zhejiang University and a master’s degree in Management from Tsinghua University. He also has extensive experience in business management and business innovation and has successively founded several unicorn companies. In 2015, Qiu Shi co-founded Newstyle Media Group, which received strategic investment from Xiaomi and Tencent. Newstyle has produced the TV series “The Untamed (2019)”, which has become popular worldwide with exclusive global distribution rights acquired by Netflix.

Qiu Shi has held senior management positions in many listed companies and has extensive experience in compliance and governance of listed companies. In 2018, Qiu Shi served as Innovation Director of North Mining Shares Company Limited (00433. HK), responsible for the blockchain business and led the completion of the merger and acquisition of the first blockchain asset transaction by a Hong Kong-listed company. Kong Stock Exchange. In 2021, Qiu Shi served as Chief Technology Officer of Singularity Future Technology Limited (SGLY.US), a NASDAQ-listed company, and led the company to complete cutting-edge innovation work in cryptocurrency mining and building centers. distributed storage data. .

Independent director Toh Er Yi, graduated from Nanyang University of Technology with a degree in Computer Engineering. He is the founder and CEO of Pytheas, a Singapore financial technology company that is responsible for leading the digital transformation of Singapore’s tourism industry. Pytheas has developed the most widely used e-commerce system in Singapore. Under his leadership, Pytheas has attracted global project investors and red dots. Prior to the creation of Pytheas, Toh Er Yi was a research analyst at the Institute for Risk Management (RMI) at the National University of Singapore, responsible for the design and construction of financial modeling systems and data warehousing. At RMI, Toh Er Yi helps researchers implement and reverse test their credit rating models to create viable alternatives to existing global credit rating agencies.

Another independent director, Mr. Qu Xiang, is a financial management expert with over 10 years of experience in the financial management and asset management industry. Qu Xiang graduated from Fudan University with a master’s degree in Advanced Business Administration. In 2010, Qu Xiang joined China’s leading financial technology group, Yixin Group Limited, and has successively served as investment manager, regional chairman and vice president of the group. In 2017, Qu Xiang founded Royal Capital and acted as co-founder and CFO. Mr. Qu has considerable influence in the industry and has served as executive director of the China Financial Forum and executive director of the China Venture Capital Association.

Steve Phuah, Chief Financial Officer, has over 30 years of experience in investment and financial management. He has coached and advised numerous companies in Southeast Asia, which are listed or seek to be listed, on the NASDAQ, ASX and the Singapore Stock Exchange. Steve Phuah graduated from the University of London in 1992 with a degree in economics. He is a senior expert in financial technology and has extensive experience in operations, compliance, financial management and other corporate matters.

Qiu Shi, CEO and CEO of MFH, said: “This renewal of management will herald the reshuffle and innovation of the company’s business. The new board members and management are leading experts in the field of financial technology and cryptocurrency. incorporation of these professionals, the Company will cover the professional needs and in accordance with its sector ”.

Qiu Shi stressed: “The company places compliance as its top priority and adheres to the spirit of being accountable to all shareholders, while actively adopting the supervision and regulation of regulatory bodies and governments around the world. began gradually closing its business in China and Hong Kong, and is currently planning to complete the establishment of its New York Regional Operations Office and the Asia-Pacific Regional Office in Singapore in the first half of 2022, and plans to apply for transaction licenses. , custody and clearing of cryptocurrencies in the United States and Singapore in the second half of 2022. the 2022. The company intends to form a cryptocurrency mining and cryptocurrency asset management company with additional business in Web3.0 and non-fungible tokens (NFT) which provide financial and technological advances within the current financial industry.

CONTACT: Shi Qiu +1 949 6789 653 157 W 57th St NY

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