Sugarmade, Inc. appointed Mr. Khoi Dang as a Director. The Board has determined Mr. Dang shall be considered an Independent Director in accordance with requirements for independent directors set forth by major stock exchanges and regulators. Mr. Dang is qualified to serve as a Director by way his extensive legal and business experience. Mr. Dang practices in the areas of corporate law, corporate finance, mergers and acquisitions, commercial transactions and banking. He has served as outside general counsel for a number of public and private companies and has a particular expertise in representing regulated entities, including financial institutions and their holding companies.