WiMi Hologram Cloud Inc. announced the resignation of Mr. David Diamond, who was an independent director and the chairman of the audit committee of the Board of Directors (the "Board"). On May 13, 2020, Mr. David Diamond delivered his notice to resign from his position as a member of the Board due to personal reasons. The resignation of Mr. Diamond did not result from any disagreement with the Company. On May 19, 2020, the Board appointed Ms. Shan Cui as an independent director of the Board and the chairwoman of the audit committee of the Board to fill the vacancy created by Mr. Diamond's resignation. Ms. Shan Cui is currently an independent director of Addentax Group Corp. She has been an independent director and the chairwoman of the audit committee of Greenland Acquisition Corp. from April 2019 to October 2019, an independent director and the chairwoman of the audit committee and compensation committee of Fuqin Fintech Limited since August 2018.