Mercurity Fintech Holding Inc. (NASDAQ: MFH) stock declined by 1.02% at last close whereas the MFH stock price gains by 1.71% in the current market trading session. Mercurity is a blockchain-based platform that enables people and companies to make worldwide immediate cross-border remittances without the usage of banks or financial institutions.
MFH stock’ Significant Development
Mr. Liu Hao, the Company’s director, CO-CEO, and Acting CFO, has resigned from his posts effective August 24, 2021, owing to personal circumstances. Mr. Zhu Wei has been chosen as the Company’s Co-CEO, Acting CFO, director, and Co-Chairperson of the Board, according to MFH. Board directors Mr. Deng Huahui, Mr. Li Minghao, and Mr. Ding Laibin have been appointed.
Mr. Zhu Wei is an established blockchain and IT specialist as well as a fintech investor. He served as the marketing general manager of a training firm from 2012 to 2015. Mr. Zhu was vice president of Hong Kong Yuanrui Investment Group from 2016 until 2018. He was in charge of high-frequency trading, match-making engines, and quantitative transactions large data research. Mr. Zhu was the CEO of Wan Xiang International Exchange Pte (Singapore) from 2019 to 2021, a group firm that provides Fintech solutions to small and medium-sized businesses. Mr. Zhu has an expertise in computer technology from Yangling Vocational & Technical College.
About Mr. Li Minghao,
Mr. Li Minghao is a blockchain technology professional with extensive expertise in product creation and manufacturing. Mr. Li was the product director of Shenzhen Puyin Blockchain Group in 2016, where he was in charge of the ACChain asset digitization platform’s research and development. Mr. Li co-founded Shenzhen Maker Blockchain Technology in 2017, which provides blockchain technology solutions to businesses. Mr. Li has been working on blockchain financial products since 2018, creating and executing blockchain solutions for a variety of business scenarios. Mr. Li graduated from Harbin University of Technology in 2015 with a bachelor’s degree in Electrical Engineering and Automation.