On December 3, 2021, Ms. Li Lv tendered her resignation as a member of the board of directors (the “Board”) of Takung Art Co., Ltd. (the “Company”), effective immediately. Ms. Lv’s decision to resign was not the result of any disagreements with the Company on any matter related to the operations, policies, or practices of the Company. On the same date, the Company appointed Mr. Ronggang (Jonathan) Zhang as a member of the Board, to fill in the vacancy resulting from the resignation of Ms. Li Lv. Mr. Zhang will serve as the chairperson of the governance and nominating committee of the board of directors, and as a member of the audit and compensation committees of the board of directors.