China Finance Online Appoints Wumei CEO as Independent Director

BEIJING, Dec. 1, 2021 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (Nasdaq: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced that the Company's board of directors (the "Board") has approved the appointment of Mr. Bin Zhang as an independent director of the Company, effective as of November 29, 2021. Mr. Zhang will serve as a member of the Audit, Compensation, and Corporate Governance and Nominating Committees, respectively. The Board has also elected current director, Mr. Frank J. Mitsch, as the new Chairman of the Audit Committee, effective as of November 29, 2021.