Skychain Technologies Inc. announced that the Company has appointed new management at its subsidiary companies. Effective February 8, 2022, John Yang, Chief Strategy Officer of the Company has been appointed a director of Miningsky Technology Ltd., Miningsky Technologies (Manitoba) Inc. and Skyrendering Technologies Inc., as well as the President of Miningsky and Skyrendering. Fred Jung, a director of the Company, has been appointed President of Miningsky Manitoba.

Effective February 16, 2022, Bill Zhang has resigned as a director of the Company. Mr. Zhang no longer holds any offices or directorships with the Company or any of its subsidiaries.