On November 12, 2019, Mr. Maoji (Michael) Wang (“Mr. Wang”) submitted his resignation from his positions as the Chief Executive Officer and Chairman of the Board of Directors of Professional Diversity Network, Inc. (the “Company”) effective immediately. At a meeting of the Board of Directors (the “Board”) of the Company on November 14, 2019, the Board acknowledged Mr. Wang's resignation and started the process of looking for a successor. Mr. Wang served as the Chief Executive Officer of the Company since December 2016 and the Chairman of the Board since March 2019.