Professional team to attain 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 has appointed Toh Er Yi, Qu Xiang as independent directors and Qiu Shi as an executive director on its board of directors. Together in the announcement, the Company also appointed Qiu Shi as the Chief Executive Officer and Steve Phuah as the Chief Financial Officer of the company.

It is understood that Qiu Shi is a renowned pioneer in the cryptocurrency industry. He is known to have tremendous influence in the field of cryptocurrency mining, cryptocurrency asset management and possess valuable insights into the management and innovation landscape within the cryptocurrency industry.

Qiu Shi is an outstanding young entrepreneur. He has 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 possesses extensive experience in enterprise management and business innovation and has successively founded several unicorn enterprises. In 2015, Qiu Shi co-founded the Newstyle Media Group, which received strategic investment from Xiaomi and Tencent. Newstyle produced the TV series "The Untamed (2019)" which became popular across the world with the exclusive global distribution rights being purchased by Netflix.

Qiu Shi has held senior management positions in many listed companies and has vast experience in the compliance and governance of listed companies. In 2018, Qiu Shi served as the Chief Innovation Officer 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 listed company on the Hong Kong Stock Exchange. In 2021, Qiu Shi served as the 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 in the construction of distributed storage data centers.

Independent director Toh Er Yi, graduated from Nanyang University of Technology with a bachelor's degree in Computer Engineering. He is the founder and CEO of Pytheas, a Singapore financial technology company is responsible for leading the digital transformation of Singapore's tourism industry. Pytheas has developed the most widely used tourism e-commerce system in Singapore. Under his leadership, Pytheas attracted investments from stream global and red dot ventures. Prior to the creation of Pytheas, Toh Er Yi was a research analyst at the Institute of Risk Management (RMI) of the National University of Singapore, responsible for the design and construction of data warehouse and financial modeling systems. 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.