Skychain Announces Director Appointment

Skychain Announces Director Appointment

Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain" or the "Company") is pleased to announce the appointment of Mr. Bernard (Wing Mou) Fung to the board of directors. Mr. Fung has over 30 years' experience in the corporate management, corporate finance and mergers and acquisitions of high-tech, as well as clean and renewable energy companies. Since 2009, Mr. Fung has been the Deputy Chairman of Advanced Fiber Resources (Zhuhai) Ltd., listed on the Shenzhen Stock Exchange, and previously held executive positions in technology companies involved in manufacturing and distribution of computer hardware. Mr. Fung received his bachelor's degree in Economics from the University of Essex in England in 1985. Mr. Fung's international experience in computer infrastructure will complement the Company in assessing new opportunities. Mr. Fung was the placee for $1million of the total private placement of $1.1million announced on December 31, 2021, which was closed with TSX Venture Exchange's approval.

The Company is also pleased to announce the appointment of Dr. Ken Wang as the President of the Company. Dr. Wang was announced as an appointee to the Advisory Board of the Company on December 31, 2021. Concurrently the Company has made changes to the management of its subsidiaries.

About Skychain Technologies Inc.

Skychain Technologies Inc. is a Vancouver based company providing Blockchain Infrastructure and valued added services. To learn more, visit skychaintechnologiesinc.com

ON BEHALF OF THE BOARD OF DIRECTORS

Dr. Richard Du
Chairman and Chief Executive Officer
Contact: 604-688-5464
info@skychaintechnologiesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company's control.

Click here to connect with Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) to receive an Investor Presentation

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Skychain Technologies

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Overview

Blockchain technology is the backbone of cryptocurrencies. This secure ledger system has laid the foundation for the exponential growth of Bitcoin, Ethereum and other recognized cryptocurrencies. Even traditional sectors are exploring the transformative impact and reliable security blockchain technology has to offer. Market research forecasts worldwide spending on blockchain solutions to grow to an estimated US$15.8 billion by 2023.

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SkyChain Announces $2,000,000 Private Placement and new Director & CEO Appointed

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Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Company") is pleased to announce the appointment of Dr. Weichong (Richard) Du to Director and Chairman of the Board of the Company and appointment as CEO. Mr. Bill Zhang has stepped down as CEO of the Company and remains a Director of the Company and CEO of the operating subsidiaries: MiningSky Technology Ltd., MiningSky Technologies (Manitoba) Inc., and Skyrendering Technologies Inc.

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