On July 1, 2023, Mr. Yang Li (“Mr. Li”) notified MDJM LTD of his resignation as a director of the Company, effective July 1, 2023. Mr. Li has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. To fill in the vacancy created by the resignation of Mr. Li, on July 1, 2023, the Nominating and Corporate Governance Committee (the “Nominating Committee”) of the board of directors of the Company recommended, and the Board appointed, Mr. Liang Zhang to serve as a director of the Company, effective July 1, 2023.

Mr. Zhang, age 43, has over 20 years of business and managerial experience in the real estate service industry. Since 2002, Mr. Zhang has served as the deputy general manager of marketing for Mindajiahe (Tianjin) Co. Ltd. During his tenure, he demonstrated leadership and experience in corporate governance, operations, strategy development, human resources, and business development.

Mr. Zhang attended Tianjin University, where he majored in project cost management.