Takung Art Co., Ltd. announced the appointment of Mr. Kuangtao Wang as Co-Chief Executive Officer (Co-CEO) to help develop and guide the Company's strategies in Non-Fungible Token (NFT) related businesses. As a General Manager for Yongbao Culture and Media Co. Ltd. since 2007, Mr. Wang is a seasoned industry veteran with a deep understanding and practical experience in the business of art auctions and exchanges.

At Yongbao, Mr. Wang built an offline art exchange platform for the company's art business. Following that, in 2020, Mr. Wang joined Wuwei Tongju Digital Technology (Hangzhou) Co. Ltd. as CEO.