On October 16, 2020, WiMi Hologram Cloud Inc. (“WiMi” or the “Company”) announced the resignation of Mr. Fanhua Meng as a director of the Board of the Company, and the appointment of Mr. Shuo Shi as a director of the Board of the Company. Mr. Fanhua Meng delivered his notice to resign from his position as a member of the Board of the Company due to personal reasons on October 16, 2020. The resignation of Mr. Fanhua Meng did not result from any disagreement with the Company.