Today we are announcing some important steps we are taking that would drive our historic transformation: to fully integrate blockchain and evolve into a hybrid ecosystem with a marketplace platform.
The announcement is about positioning ourselves for long-term growth and allowing GES to move ahead in the coming years with confidence. It is also about enabling us to benefit from many new, extraordinary opportunities ahead.
We have made two key organizational moves to help prepare us for the opportunities and challenges ahead include:
Management position changes
- Mr. Yuen Wong assuming chairmanship over GES. Yuen will become the Chairman of the Board so that he could focus on the strategic planning, as well as on other collaboration with related potential development.
2. Mr. Joe Chan, in turn, will become the CEO. Joe has been a CEO of multiple eCommece Projects in consumer electronics, which include new and refurbished markets. His expertise lies strongly on technology and digital marketing. Joe will be leading an experienced development team and seek to meet the following goals:
- Strengthening the current B2C model by multiple re-branding actions as well as finalising the support of Crypto Currencies on retail channels
- Rolling out the Recycling Economy platform development built on blockchain
In the next update, Joe will also give updates about the new exchange listing and as well as the buyback action plans that he understands many supporters has been curious about.
Investment in the Missing Puzzle – Repairing
Following our previous announcement between the partnership of GES and Azooo, Joe attended it’s announcement event of “hundred-store” plan and announcing a significant investment committed into Azooo, this missing puzzle of the whole ecosystem as repairing plays an important part in the circular economy.
It also benefits both of GES and Azooo on each other’s technical know-how and system sharing. Both companies are forming a joint venture and going to work closely in the B2B/ B2C repairing business outside the Chinese market. The first steps including setting up testing points in a few major cities and afterwards in many more other key locations globally. This partnership will certainly makes GES and the ecosystem stronger and more competitive in the market, and excited about the potential this unlocks for us in the years to come.
Lastly, GES would like to take this moment to thank you, for continuing to believe in us and allowing us to feel inspired and motivated to continue making a change, one refurbished phone at a time.