December 3, Hong Kong exchange listed company Grandshores Technology Group Limited (HK1647）publicly announced Xiaolai Li serving as Executive Director and CEO for the company.
The announcement states Xiaolai Li will be in charge of building stabilized digital currency system (focused in global main currencies), Directed Acyclic Graph (DAG) and Trusted Execution Environment (TEE) technology based public database, along with other projects involving blockchain application.
Grandshores Technology has two focuses of businesses including its construction business providing integrated building services in Singapore, with a focus on maintenance and installations of mechanical and electrical systems. According to the company’s official site, since May 2018, Grandshores Technology expands to blockchain business, “which extend the Group’s civil, mechanical and electrical engineering capabilities towards high-end specialist services, such as design and construction, operation and maintenance and management of data centres and other high performance data processing facilities and equipment in relation to blockchain technologies, with the goal of generating synergistic effects with the existing business of the Group.”
Grandshores Technology is operated by over ten billion investment fund involving government backing. The management team includes blockchain industry well-known leaders including Xiaolai Li and Laomao. An insider reveals to Mars the five blockchain areas Grandshores plans to expand into: digital currency mining service, exchange, payment, landing application and funding management.