Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 18, 2022, the Compensation Committee of the Board of Directors of ThermoGenesis Holdings, Inc. (the "Company") determined that, effective retroactively to January 10, 2022, the annual base salaries of Chris Xu, Chief Executive Officer, shall be $520,000; Haihong Zhu, Chief Operating Officer, shall be $460,000; and Jeffery Cauble, Chief Financial Officer, shall be $264,077.

Also on March 18, 2022, the Company's Compensation Committee awarded Chris Xu, Chief Executive Officer, a bonus of $180,000; Haihong Zhu, Chief Operating Officer, a bonus of $96,000; and Jeffery Cauble, Chief Financial Officer a bonus of $60,941. The bonuses were paid under the fiscal 2021 short-term incentive plan of the Company.

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