On October 1, 2020, Mr. Robert Chen resigned from his position as Principal Accounting Officer of Victory Commercial Management Inc. (the 'Company') due to personal reasons. On October 2, 2020 the Board of Directors (the 'Board') accepted Mr. Chen’s resignation and subsequently appointed Mr. Alex Brown, as the Principal Accounting Officer of the Company, effective immediately, until the Board appoints suitable and permanent substitute for Chief Financial Officer and Principal Accounting Officer. Mr. Brown (a.k.a. 'You Chang'), is the Company’s President, Chief Executive Officer, Treasurer and Chairman. Mr. Brown is also the founder of Victory Commercial International Ltd, Skyview Holdings LLC, Victory Commercial Management Inc., and Victory Commercial Investment Ltd.