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Hero Innovation Group Inc. Announces
Changes to Board and Management and Wind-Down of Digital Payment Operations
VANCOUVER, BC - May 29, 2026 - Hero Innovation Group Inc. ("Hero" or the "Company") (CSE: HRO) announces the following updates:
Changes to the Board of Directors and Officers
The Company announces the following changes:
Appointments:
Hua Zhang has been appointed as Director, effective February 20, 2026.
Mingshuo Wang has been appointed as Director, effective March 15, 2026.
Wei Kang has been appointed as Director, effective April 7, 2026.
Rainer (Zhe) Yu has been appointed as the Chief Executive Officer and Interim Chief Financial Officer, effective March 14, 2026.
Resignations:
Tai Jiang has resigned as Director and the Chief Executive Officer, effective December 19, 2025.
Helen (Kuen) Lau has resigned as the Chief Financial Officer, effective January 9, 2026.
William Ying has resigned as director, effective March 13, 2026.
The resignations of the directors and officers were not the result of any disagreement with the remaining members of the Board or management.
Wind-Down of Legacy Digital Payment Operations
The Company has wound down its SideKick(TM) digital payment solution and payment application platform. The payment product and program generated substantial losses and were not financially successful. Management has decided to discontinue this line of business. This wind-down is not expected to have a material adverse impact on the Company's financial position.
Current Financial Situation and Outlook
The Company continues to face significant financial difficulties. Under new management, the Company is actively pursuing initiatives to stabilize operations, including working toward the revocation of the Company's Cease Trade Order, identifying viable new business opportunities, and seeking additional financing. There can be no assurance that these efforts will be successful.
About Hero Innovation Group Inc.
Through its former flagship SideKick(TM) digital payment solution introduced in 2018, the Company previously operated digital payment program and platform. The Company has wound down its legacy digital payment operations and, under new management, is pursuing a new strategic direction.
On behalf of the Board of Directors
Rainer Yu
Chief Executive Officer
For further information, contact: innovationhero80@gmail.com
Information
This news release contains forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
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