On July 10, 2020, Mr. Jun Liu stepped down from his position as Chief Executive Officer of ATIF Holdings Limited effective immediately. On July 10, 2020, the Board appointed Pishan Chi to the Company’s Board to fill the vacancy created by the resignation of Ms. Wang. In addition, Mr. Chi will serve as the CEO of the Company. Mr. Chi served as the Production Assistant Manager of ASIAPAC (Dongguan) Biotech Ltd. from September 2009 to April 2016. From May 2016 to December 2016, Mr. Chi served as Platform Service Assistant at Asia-America (Shenzhen) Co. Ltd. Since January 2016, Mr. Chi served as IPO Service Specialist for the Company.