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Takung Art Co., Ltd Announces Management Update

Press release from the issuing company

HONG KONG, CHINA -- Takung Art Co., Ltd (“Takung” “TKAT” or the “Company”), an operator of three online fine art and collectibles platforms, today announced the appointment of Mr. Kuangtao Wang as Co-Chief Executive Officer (Co-CEO) to help develop and guide the Company’s strategies in Non-Fungible Token (NFT) related businesses.

As a General Manager for Yongbao Culture and Media Co. Ltd. since 2007, Mr. Wang is a seasoned industry veteran with a deep understanding and practical experience in the business of art auctions and exchanges. At Yongbao, Mr. Wang built an offline art exchange platform for the company’s art business. Following that, in 2020, Mr. Wang joined Wuwei Tongju Digital Technology (Hangzhou) Co. Ltd. as CEO where he was responsible for managing technical resources, infrastructure setup, and architectural design. With his in-depth analysis and industry insight from his experience working with the development of Alipay’s ant chain, Youbanquan, Tencent Huanhe, and other NFT platforms, Mr. Wang brings years of extensive experience ready to be applied to the Company’s expansion into NFTs.

“We are delighted to welcome Mr. Wang to our executive team; appointment of him will drive our expansion in the NFT sector. He brings a diverse, yet applicable, set of skills and a rich of track record of building innovative digital platforms, which is essential in solidifying Takung’s position in the highly profitable marketplace of digital goods and currency,” said Mr. Kwok Leung Li, Chief Executive Officer of Takung.

Mr. Wang stated, “It is a great honor to be taking on the role of Co-CEO at Takung. The company’s leading electronic online platform coupled with new blockchain and NFT initiatives and importantly, the outstanding executive Team, position us well for a bright future as we execute on our growth strategy.”

For more information, please visit the Company's website: http://ir.takungart.com/. The Company routinely posts important information on its website.

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