On October 18, 2019, the Board of Directors of Golden Bull Limited removed Ms. Jing Leng from the position of Chief Financial Officer, effective immediately. On October 18, 2019, the Board appointed Mr. Erke Huang as Chief Financial Officer of the Company to fill the vacancy created by the removal of Ms. Leng, effective October 28, 2019. On October 30, 2019, the Board removed Mr. Erxin Zeng from the position of Chief Executive Officer and Board, effective immediately.

On October 30, 2019, the Board appointed Mr. Min Hu as Chief Executive Officer and a director of the Company to fill the vacancy created by the removal of Mr. Zeng, effective immediately. On October 30, 2019, the Board appointed Mr. Erke Huang as a director of the Company, effective immediately. Mr. Huang has served as the Co-Founder and Advisor of Long Soar Technology Limited since August 2019 and as the Founder/CEO of Bitotem Investment Management Limited since May 2018.

Mr. Hu has served as the Business Manager of Weihua Liquor Company since 2011. On October 18, 2019, Hui Shen notified the Company of her resignation as a director of the Company. On October 18, 2019, the Board removed Mr. Xiaohui Liu, from the Board effective immediately, since the Company was not able to reach Mr. Liu for an extended period of time.

On October 30, 2019 the Board appointed Ms. Ping Liu as a director and chairwoman of the Board. Ms. Liu has served as the Deputy General Manager of Shenzhen Qianhai Wanyin Investment Fund Management Co. Ltd. since 2013.