On May 3, 2016, the board of directors of the Tantech Holdings Ltd. appointed Mr. Jing Jin, the Chief Financial Officer of the company, to replace Mr. Qingsong Dong, who was appointed the Acting Chief Financial Officer of the company on February 2, 2016. Mr. Jing Jin is a certified public accountant registered in the State of New Hampshire and has more than 8 years of experience in senior finance positions. Most recently, Mr. Jin served as Senior Consultant for a Chinese consultant firm responsible for M&A transaction deals.