GlobalBlock Announces Management Changes, Delay of Financial Statements and Application for Voluntary Management Cease Trade Order

London, United Kingdom and Vancouver, British Columbia–(Newsfile Corp. – April 29, 2022) – GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the “Company” or “GlobalBlock“) is pleased to announce the appointment of Amaan Jalwa as new Chief Financial Officer, to be effective following the departure of Jessica Van Den Akker, who will leave the business to focus on other opportunities, once the audited financials have been filed alongside an orderly handover period.

Amaan is a qualified Chartered Accountant having trained at KPMG in London. Amaan was most recently interim-CFO of digital asset liquidity technology platform Enigma Securities, a firm backed by British billionaire investor Alan Howard, prior to which he was the Finance Director of Outlier Ventures, the tech VC firm focused on blockchain, AI and Web 3 startups. Before then, Amaan served as the interim-Finance Director of Omnio, the digital banking fintech business.

Early international experience included joining the Japanese electronics firm JVC Kenwood as a Finance Manager before being promoted to Head of Finance in 2012. He then went onto real estate business Asia Pacific Investment Partners as VP for Finance and Accounting, before joining the Japanese MBO Fund Asia Growth Capital as their COO and CFO.

Rufus Round, CEO of GlobalBlock, said:

“We are delighted to welcome Amaan Jalwa, who’s experience is highly complementary to GlobalBlock, in particular in fintech and blockchain. He will be joining us at a very exciting time for the business and industry as a whole.

“We would also like to thank Jessica for her stewardship during her time both before and after last year’s business combination, in particular during that transition and through the Company’s maiden audit and wish her the best in her future endeavours.”

Amaan Jalwa, CFO at GlobalBlock, said:

“GlobalBlock is a great business run by experienced and seasoned financial services professionals. I am looking forward to supporting the board in its short, medium and long term objectives. Blockchain and financial services are experiencing a dynamic shift and my plan is to help grow GlobalBlock to be a pioneer in the provision of digital asset trading and products in the UK and beyond, with support of the management team and the board.”

The Company further announces that it does not anticipate being in a position to file its audited annual financial statements, management’s discussion and analysis, and related certifications for the fiscal year ended December 31, 2021 (collectively, the “Annual Filings“) on or before May 2, 2022 as required, due to (i) this being the first annual financial statements for the Company following the acquisition of GlobalBlock Limited and its digital asset brokerage business in the United Kingdom (the “Acquisition“); (ii) the Company updating the accounting systems and procedures of its new subsidiary GlobalBlock Limited following the Acquisition; and (iii) this being the…