TD Holdings Inc. Appoints Donghong Xiong to the Company’s Board of Directors

TD Holdings Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced that it has appointed Mr. Donghong Xiong as a director on the Company’s Board of Directors, effective February 8, 2021. Mr. Xiong shall serve as an independent director.

Mr. Xiong has years of management experience in state-owned and public enterprises and he is also well versed in counter trading and private equity investment fund management. He has extensive experience in the capital market, corporate merger and acquisition, and business restructuring-related matters. He led investments in private small and medium-sized high-tech firms listed on China’s high-tech board markets creating significant value for shareholders. Mr. Xiong has served as the managing director of Synergetic Innovation Fund Management Co., LTD. since 2014 and has served as the M&A general manager at Shanghai Search Media Group from 2007 to 2013. Mr. Xiong holds a Bachelor’s degree in Philosophy from Sun Yat-Sen University and also received his MBA and PhD in Scientific Philosophy from Sun Yat-Sen University.

Ms. Renmei Ouyang, Chief Executive Officer and Chairwoman of the Company, stated, “We are very pleased to welcome Mr. Xiong to our Board of Directors. I look forward to his expertise and insights in helping to further strengthen our Board. We are delighted to be able to work with him and we believe he will bring his substantial capital market and leadership experience to the Board as we continue to move forward in our development.”