Advanced Blockchain AG: Appointment of Simon Telian as additional member of the Executive Board and changes to the Supervisory Board

The Supervisory Board of Advanced Blockchain AG (Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6) has appointed former Supervisory Board member Simon Telian as an additional member of the Company's Management Board alongside CEO Michael Geike, effective April 15, 2021. Simon Telian has therefore resigned as a member of the Supervisory Board of the Company. It is also intended that he will also be appointed as CEO of the wholly owned subsidiary nakamo.to GmbH.

Simon Telian started his career at Dresdner Bank and subsequently worked for Commerzbank as executive assistant. After holding various positions at Rocket Internet and Asia Venture Group, he founded his own company in South Africa which he later successfully exited. Most recently, he was responsible for the operational business for the Swedish edge cloud company CloudBackend AB.

Following the resignation of Supervisory Board member Armin Sachs, Supervisory Board member Paul Kohlhaas also resigned from the Supervisory Board with effect from the end of the Annual General Meeting on April 8.

Armin Sachs and Paul Kohlhaas had been members of the Supervisory Board since 2017, and the Company thanks them for their valuable contribution during the start-up phase of Advanced Blockchain AG.

Due to the resignations, the Annual General Meeting on April 8 will resolve on three nominations for election to the Supervisory Board: Marek Kotewicz, Olav Sorenson and Mark Weerts.

Marek Kotewicz has been actively involved in the blockchain space since 2014. He worked as a software engineer for the Ethereum Foundation on the first ethereum implementation. In late 2015, he joined Parity Technologies to help further shape the Ethereum and blockchain ecosystem. Since then he helped build various projects, including parity-ethereum, parity-bitcoin and polkadot.

Olav Sorenson (Ph.D.) is a renowned researcher in the area of economics and entrepreneurship, including crowdfunding, startups, and venture capital strategy. His primary affiliation is with the UCLA Anderson School of Management, where he holds the Joseph Jacobs Chair in Entrepreneurial Studies. As a result of his work, he received the 2018 Global Award for Entrepreneurship Research.

Mark Weerts has been Managing Director of a successful German fashion company since 2018. In his role as Managing Director with focus on marketing, product management and sales, he understands the current market dynamics and formulates future strategies to transform the company in a future-oriented way. Innovation and implementation of new technologies play a central role in this process.

The Supervisory Board continues to be completed by Martin Rubensdörffer, Chairman of the Supervisory Board, and Michael Ganser.

Advanced Blockchain AG is pleased to start a new phase in the company's development with three renowned candidates for the Supervisory Board.

For more information on Advanced Blockchain AG and its projects and investments, please visit www.advancedblockchain.com.