XcelMobility Inc (XCLL)

[SPM555]

The 8k that was released on Friday stated that

Effective September 1, 2016, the Board appointed (i) Mr. Zhixiong Wei, an existing member of the Board, as the Company’s CEO

Mr. Wei, age 53, is an experienced entrepreneur and executive in China’s internet and mobile lottery industry. He is the Chief Executive Officer of CC Power, a position he has held since February 2015. Prior to that, Mr. Wei served as the Chief Executive Officer of Shenzhen Silvercreek Digital Technology Co., a leading mobile lottery business in China which he founded in 2001, until its acquisition by AGTech (HKEx: 08279.HK) in 2011. He continued to serve as its director until February 2015. Mr. Wei holds a master’s degree in Industrial Economics from Chinese Academy of Social Sciences and a bachelor’s degree in business administration from Hunan University.

So our new CEO was already CEO of another online lotto company that ended up getting bought out by AGTech Holdings. Looks good for us, but especially once the ban is lifted. Surprised this has started moving already, maybe this news regarding the new CEO starts the ball rolling. Wonder if they're setting up to update us soon.