TD Holdings, Inc. announced that it has appointed Mr. Donghong Xiong as a director on the Company's Board of Directors, effective February 8, 2021. Mr. Xiong shall serve as an independent director. Mr. Xiong has years of management experience in state-owned and public enterprises and he is also well versed in counter trading and private equity investment fund management. He has extensive experience in the capital market, corporate merger and acquisition, and business restructuring-related matters.