On May 14, 2020, Mr. Jiaxi Gao resigned from his position as a director of TD Holdings, Inc.’s board of directors (the “Board”). On May 14, 2020, the Board appointed Ms. Wei Sun as a director of the Board to fill the vacancy created by the resignation of Mr. Gao. Sun has been serving as the executive director of China National Culture Group Limited in Hong Kong since 2014.