500 Com appoints new top executives and enters share subscription agreement

500 Com’s board of directors has proposed to explore business opportunities in the blockchain and cryptocurrency industries based on some success experience of its associate, Loto Interactive Limited. In this context, the board has appointed Xianfeng Yang as the Chief Executive Officer and Bo Yu as the Chief Operating Officer. Also, 500 Com has announced that it has entered into a definitive share subscription agreement with Good Luck Information Technology, a company incorporated in Hong Kong, for the issuance and sale of newly issued Class A ordinary shares of the company.

500.com Limited Announces Private Placement and Appointment of New Officers (filing)

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. He has developed some of the most well-known conferences for the Asian gaming industry, most recently being the ASEAN Gaming Summit, the Australasian Gaming Seminars, and the Mekong Gaming Summit. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.