On April 17, 2015, Global Future City Holding Inc. and Sky Rover have completed their respective closing condition obligations to the SPA. In connection with the closing, the parties have agreed that certain individuals will replace the company's current Board of Directors and Officer positions. As a result, on April 17, 2015, Mr. Michael R. Dunn, the company's CEO, President, Secretary, and Chief Financial Officer has resigned from these positions with the company.

Mr. Dunn shall remain on the board and serve as the company's Executive Vice President of Finance. Mr. Derek Jones, a member of the board, has resigned as a director of the company. On April 17, 2015, the board appointed Mr. Pei Lei as the company's new Chief Executive Officer, Chief Financial Officer and Chairman of the board.

Between 2010 and 2013, Mr. Pei served as the Co-founder and General Manager of Lawspirit Education Group Limited in Beijing, China. Mr. Pei is currently the National Senior Financial Planner of Chinese National Human Resources and the Ministry of Labor and Social Security and Chairman and General Manager of Guangdong Wu Jie Business Union Technology Co. Ltd. Mr. Pei also serves as the Chief Operating Officer of Sky Rover Holding Ltd. On April 17, 2015, the board appointed Mr. Ning Liu as the company's President, Chief Operating Officer, and board member.

Mr. Ning Liu, who is originally from Fuzhou, Fujian, China, is a businessman, investor and philanthropist. Mr. Liu is the founder and serves as the President of American International Cultural Exchange Foundation (AICEF) in Los Angeles, California. AICEF is a non-profit organization that promotes cultural interaction between China and the United States.

From 2005 to present, Mr. Liu has assisted Chinese domestic enterprises in the development of their business in the United States. Mr. Michael Dunn is the company's current Executive Vice President of Finance and member of Board of Directors. Mr. Dunn previously served as Chief Executive Officer, Chief Financial Officer, and Chairman of Board of Directors from May 28, 2008 until April 17, 2015.

He joined the company, which was considered a turn-around project, in order to work on the reduction of significant Company debt, obtain major capital infusion, provide a rationalization of product line, and establish a more effective product distribution. On April 17, 2015, the board appointed Ms. Junfei Ren, age 24, as the company's Secretary and board member. Ms. Junfei Ren graduated in 2012 from Purdue University, Krannert School of Management in West Lafayette, Indiana, with a degree in Bachelor of Science.

Ms. Ren moved to Los Angeles, California, in 2013 to pursue a Master of Accounting degree, which she obtained from the University of Southern California, Leventhal School of Accounting, in May 2014. Ms. Ren is currently pursuing to be a Certified Public Accountant and registered for the exam in the State of California. Ms. Ren is fluent in Mandarin Chinese and English and has working proficiency in German.

On April 17, 2015, the board appointed Mr. Xiang Ling Yun as a member of the board. From 2014 to present, Mr. Xiang also serves as the President of Investment Group Limited and a Professor and Deputy Director of Institute of Global Cryptal Assets at American Purlinton University.