Item 5.07 Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Shareholders (the "Annual Meeting") of the Company was held on December 30, 2019 at 10am China time. At the Annual Meeting, the shareholders voted on the following proposals and cast their votes as described below.

Proposal 1.Holders of the Company's Common Stock and Series A Preferred Stock, voting together as a single class, elected nine directors to the Company's Board of Directors to hold office for a one-year term until the annual meeting of shareholders in 2020 and until their successors are re-elected and qualified. The votes for each of the nominees were as follows:





                    For         Withheld
Alfred Poor       73,815,455     1,092,548
Jerry Fan         71,810,527     3,097,476
Chao Yang         73,303,181     1,604,822
Shane McMahon     73,209,470     1,698,533
James Cassano     73,121,229     1,786,774
Bruno Wu          73,963,997       944,006
Harry Edelson     73,485,867     1,422,136
Steven Fadem      72,281,257     2,626,746
John Wallace      73,584,499     1,323,504

Proposal 2. Shareholders ratified the selection of BF Borgers CPA PC as independent registered public accounting firm for the fiscal year ending December 31, 2019. The votes regarding this proposal were as follows:

For Against Abstained Broker Non-Votes 73,958,702 286,967 662,334

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