On August 10, 2021, Roan Holdings Group Co., Ltd.'s Board member and Chairman of the Board of Directors Mr. Zhigang Liu submitted his resignation to the Board of Directors due to personal reasons. The Board accepted the resignation and appointed Mr. Junfeng Wang to fill the vacancy on August 10, 2021. Mr. Wang, the Chief Executive Officer since August 10, 2020, worked as a Technical Director with Beijing Chenglianxin Technology Co., Ltd., Internet in Logistics Platform section from 2016 to July 2020. From 2015 to 2016, he held the same type of technical director position with Juewei Group Beijing Digital Marketing Center in the Food Processing Department. Mr. Wang holds an MBA degree from Beijing University of Posts and Telecommunications.