China Finance Online Co. Limited announced Ms. Xin Yue Jasmine Geffner has been appointed as an independent director of the Board, effective as of May 24, 2021. Ms. Geffner will serve as the chairman of the Audit Committee and the Board has determined that she qualifies as the financial expert of the Audit Committee. Mr. Jun Wang has resigned as a director of the Company due to personal reasons, effective as of May 18, 2021. Mr. Wang has confirmed that he has no disagreement with the Board and that there are no matters relating to his resignation which need to be brought to the attention of the shareholders of the company. Ms. Xin Yue Jasmine has been the Chief Financial Officer of Dorsett Hospitality International Services Limited.