On August 10, 2020, Roan Holdings Group Co., Ltd.'s Chief Executive Officer Mr. Zhigang Liu submitted his resignation as CEO to the Board of Directors. Mr. Liu will continue to serve as the Chair of the Board. The Board accepted the resignation and appointed Mr. Junfeng Wang as the Registrant’s new CEO. The engagement was effective on August 10, 2020. Mr. Wang worked as a Technical Director with Beijing Chenglianxin Technology Co., Ltd., Internet in Logistics Platform section from 2016 to July 2020.