Peak Hires Former People's Bank of China Senior Manager as Special Advisor

Montreal, Quebec–(Newsfile Corp. – November 6, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has hired former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in various business development capacities and in preparing the Company’s Cubeler Lending Hub platform for China’s upcoming digital currency.

Mr. Wu is currently the CEO of Chengfangyun Digital Technology Ltd. (CDT), a Fintech company located in Suzhou that he created to provide products and services designed to help companies, banks and financial institutions conduct transactions in digital yuan. Prior to founding CDT, Mr. Wu was a senior manager at the People’s Bank of China (PBOC), China’s Central Bank, where he worked in the Credit Information Centre and Cross-border RMB Settlement departments while also leading the R&D department of the Central Bank’s Nanjing branch. CDT is currently working closely with the PBOC to promote the use and adoption of the digital yuan in Suzhou.

“We’re very pleased and excited to have Mr. Wu join our team to help us get Lending Hub ready for the digital RMB,” commented Peak Group China CEO, Mr. Liang Qiu. “The digital RMB has been in the works for a few years now as the Central Bank has been pushing the whole country toward a cashless society. It is therefore very important for a company like Peak, considering the services we provide, to be at the forefront of this evolution. Having an opportunity to work with Mr. Wu and to benefit from his expertise and direct connection to the PBOC is priceless”.