Takung Art Co., Ltd Announces Management Update | News

HONG KONG, CHINA, January 7, 2022 (GLOBE NEWSWIRE) – Takung Art Co., Ltd. (NYSE American: TKAT) (“Takung” “TKAT” or the “Company”), an operator of three online works of art and Collectibles Platforms, today announced the appointment of Mr. Kuangtao Wang as Co-Managing Director (Co-CEO) to help develop and guide the company’s strategies in non-token-related businesses. fungible (NFT).

As the general manager of Yongbao Culture and Media Co. Ltd. Since 2007, Mr. Wang has been a seasoned industry veteran with in-depth understanding and practical experience in the art auction and exchange business. In Yongbao, Mr. Wang built an offline art exchange platform for the company’s artistic activity. Subsequently, in 2020, Mr. Wang joined Wuwei Tongju Digital Technology (Hangzhou) Co. Ltd. as CEO, where he was responsible for technical resource management, infrastructure configuration and architectural design. With his in-depth analysis and industry knowledge through his experience in ant chain development of Alipay, Youbanquan, Tencent Huanhe and other NFT platforms, Mr. Wang brings years of extensive experience ready to be applied to the expansion of the company in NFTs.

“We are delighted to welcome Mr. Wang to our management team; his appointment will drive our expansion in the NFT sector. He brings a diverse, yet applicable skill set and a wealth of experience in building innovative digital platforms, which is essential to consolidate Takung’s position in the highly profitable digital goods and currencies market, ”Mr. Kwok Leung Li, Chief Executive Director of Takung.

Mr. Wang said, “It is a great honor to take on the role of Co-CEO at Takung. The company’s leading online electronic platform, coupled with new blockchain and NFT initiatives and, most importantly, the exceptional leadership team, positions us well for a bright future as we execute on our growth strategy.

About Takung Art Co., Ltd

Takung Art Co., Ltd. Enables China’s growing middle class to invest in fine art and collectibles through three exclusive online platforms: Takung Unit, which facilitates trade and shared ownership of Asian fine art and international; Unit +, which facilitates trade and shared ownership of Asian and international collectibles; and Takung Online, an e-commerce platform for artists to promote and sell entire works of art directly to buyers. Takung is headquartered in Hong Kong and conducts business primarily in Hong Kong through its direct wholly owned Hong Kong Takung Art Company Limited and two wholly owned subsidiaries in Shanghai and Tianjin which facilitate service and assistance to its traders based in the PRC on the Platforms. For more information, please visit the Company’s website: http://ir.takungart.com/ The Company regularly posts important information on its website.

Forward-looking statements

This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this press release, including all statements regarding our future results of operations and financial condition, business strategy, plans and objectives for future operations, are statements. prospective (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions which reflect our current beliefs and expectations regarding future events and are based on assumptions and subject to risks and uncertainties and are subject to change at any time. We operate in a very competitive and rapidly changing environment where new risks may emerge from time to time. In view of these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in projections or forward-looking statements.


Takung Art Co., Ltd

King Chan Phone: +85239035788 E-mail: irmail@takungae.com

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