Crypto Flow Technology Limited (Stock Code: 8198) released an announcement regarding multiple leadership changes, all of which will take effect on 1 December 2025.

According to the announcement, an executive director, an authorized representative, and the compliance officer will resign, and new appointments will be made. Specifically, the current executive director, authorized representative, and compliance officer, Mr. Huang, will step down from these roles and transition to a consultant position. Meanwhile, Dr. Yuan, formerly the Company’s research and development director, will assume the roles of executive director, chief executive officer, authorized representative, and compliance officer. Another executive director, Mr. Sheng, will also resign from his position as CEO on the same date. Furthermore, Mr. Yao, currently the vice president in the Investment Department, will join the Board as an executive director.

Dr. Yuan, aged 44, has a background that includes serving as an associate professor and holding positions in technology companies. He holds a Ph.D. in Electrocircuit & Systems and has an agreed annual director’s remuneration of HK$200,000, along with a separate monthly CEO salary. Currently, Dr. Yuan is interested in 3,000,000 share options of the Company, representing approximately 0.42% of the issued share capital.

Mr. Yao, aged 43, also brings investment and managerial experience, having served in various venture capital and private equity fund roles. He likewise agreed to an annual director’s remuneration of HK$200,000.

The announcement indicates that the resigning and newly appointed executives have no disagreements with the Board and no other matters that need to be drawn to the attention of shareholders or regulators. Management expresses gratitude to the departing executives for their contributions and formally welcomes Dr. Yuan and Mr. Yao on their new appointments, underscoring a planned transition phase in the Group’s leadership structure.