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Appointment of Chief Operating Officer

GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce the appointment of Mr. Tan Guan Han, Shayne ("Shayne Tan"), an existing Executive Director, as the Company's new Chief Operating Officer with immediate effect.

Shayne Tan, who joined the GST board in January 2021, holds a Bachelor of Business Management Degree from Singapore Management University and has more than five years of sales, operations, and management experience in growth-stage companies operating exclusively within the blockchain and cryptocurrency sector. He is, alongside the Company's recently appointed Chief Executive Officer, Jack Bai, a co-founder of the Coalculus blockchain platform.

Tone Goh, Chairman of GST, commented: "We are very pleased to announce that Shayne Tan has been appointed as GST's Chief Operating Officer. Working closely with the rest of GST's executive management team, Shayne will be responsible for implementing the Company's long-term business plan as well as establishing a significant business from the stablecoin network and applications that we are developing from our collaboration with Wise MPay."

Shayne Tan, newly appointed COO of GST, commented: "I am delighted to be appointed COO of GST, an exciting company with a strong leadership team and great potential. I am very passionate about the marriage of the financial industry and blockchain technology, which I believe will generate substantial growth in today's rapidly changing marketplace. My goal is to ensure that GST continues to innovate and is fully focused on implementing our planned solutions and delivering shareholder value."

Enquiries: The Company Tone Goh, Executive Chairman +65 6444 2988

Financial Adviser VSA Capital Limited Simon Barton / Pascal Wiese

+44 (0)20 3005 5000 Financial PR & Investor Relations IFC Advisory Limited Tim Metcalfe / Graham Herring / Florence Chandler +44 (0)20 3934 6630

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