Guardforce AI Announces Appointment of New Chief Financial Officer

NEW YORK,May 18,2021 --Guardforce AI Co.,Limited (OTC Pink: GRDAF) ("Guardforce AI"),an integrated security solutions provider inAsia,today announced that its board of directors has appointed Cynthia Chung Chi Ng (Ms. Ng) as its Chief Financial Officer,effective May 17,2021.

Ms. Ng has over 17 years of accounting and auditing experience. Ms. Ng also has experience of providing consultancy services to entities with a focus on U.S. publicly traded companies. From 2019 to 2020,she served as the Chairman of the audit committee of a company trading in the U.S. OTC market. From 2018 to 2019,Ms. Ng served as the Chief Financial Officer at Guardforce AI. In 2017,she acted as the Asian services leader in the audit business unit of Crowe Horwath LLP in Denver,Colorado. From 2013 to 2016,Ms. Ng acted as the Audit Senior Manager of GHP Horwath P.C. also in Denver,Colorado. Ms. Ng is a Certified Public Accountant (CPA) and a fellow member of the Association of Chartered Certified Accountants (ACCA). Ms. Ng received her Bachelor's Degree in Business Administration- Accountancy & Law from City University of Hong Kong in 2003.

Terence Yap,Chairman at Guardforce AI,stated: "We are thrilled to welcome back Cynthia to Guardforce AI as our CFO. Cynthia brings a wealth of international accounting and financial reporting experience with international companies,and her extensive knowledge in this field will prove extremely valuable. I have every confidence that Cynthia will play a key role in our business as we continue to provide innovative solutions to our clients and expand our footprint across the APAC region."

About Guardforce AI Co.,Ltd.

Guardforce AI Co. Ltd. is a leading integrated security solutions provider that is trusted to protect and transport the high-value assets of public and private sector organizations. Developing and introducing innovative technologies that enhance safety and protection,Guardforce AI helps clients adopt new technologies and operate safely as the Asia Pacific business landscape evolves.

For more information,please visit www.guardforceai.com

Forward Looking Statements

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