On July 10, 2020, Ms. Qiuli Wang notified the Board of Directors of ATIF Holdings Limited of her resignation as a director, president and chairman of the Board of the company, effective immediately. In connection with her resignation, Ms. Wang’s employment agreement, dated September 29, 2018 and as amended on November 26, 2018 and on June 6, 2019, with the Company was terminated with immediate effect. On July 10, 2020, Mr. Jun Liu was appointed as the new president and chairman of the Board of the company, effective immediately. On July 10, 2020, the Board appointed Pishan Chi to the Company’s Board to fill the vacancy created by the resignation of Ms. Wang.