ATIF Holdings Limited announced that Mr. Jun Liu was appointed and approved unanimously by the Board of Directors of the Company and its Nominating and Corporate Governance Committee as the Company's Chief Executive Officer ("CEO") and Director, effective June 6, 2019, to replace the departing CEO, Ms. Qiuli Wang, and the departing Director, Mr. Qiang Chen. Ms. Wang and Mr. Chen have decided to resign from their positions for personal reasons. Ms. Wang will continue to serve as the President and Chairwoman of the Board of Directors of the company.

Mr. Liu has served as the President and Director of Asian Equity Exchange Group Co. Ltd., since November 2015.