TD Holdings, Inc. CEO Ms. Renmei Ouyang Selected as 2023 Outstanding Female Entrepreneur by China Enterprise News

SHENZHEN,China,March 8,2023 -- TD Holdings,Inc. (Nasdaq:GLG) (the "Company"),a commodities trading service provider inChinatoday announced that Ms. Renmei Ouyang,the CEO of the Company,has been selected as the 2023 Outstanding Female Entrepreneur by China Enterprise News("CEN").

CEN is a leading daily newspaper in China,focusing on business and economic news. CEN covers a wide range of topics and is known for its authoritative reporting,in-depth analysis,and insightful commentary on China's economy and business landscape. It has a wide readership among policymakers,business leaders,investors,and professionals in China and abroad. CEN is directed by China Enterprise Confederation and China Enterprise Directors Association,freely distributed in China and abroad. It is also distributed to the National People's Congress,the Chinese People's Political Consultative Conference,central state organs,state-owned assets supervision and administration commission systems,as well as the top 500 global enterprises,the top 500 Chinese enterprises,and members of the China Enterprise Confederation.

Ms. Renmei Ouyang,stated,"I am proud to receive this award,which demonstrates the Company's position as an innovative leader in digital transformation within the commodities trading market. I founded Tongdow E-Commerce in 2011,which has now become one of China's top 100 internet companies and the leading B2B e-commerce platform in the non-ferrous metals industry. We are confident that our leading position and continued innovation set us apart from competitors. We plan to continue upgrading our e-commerce platform,enhancing brand recognition,and increasing our market presence. Looking forward,we are committed to creating value and positive impact,delivering outstanding results to shareholders,and expanding our global presence in the B2B non-ferrous metals commodities trading market."

About TD Holdings,Inc.

TD Holdings,Inc. is a service provider currently engaging in the commodities trading business and supply chain service business inChina. Its commodities trading business primarily involves purchasing non-ferrous metal products from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises,warehouses,logistics,information,and futures trading. For more information,please visithttp://ir.tdglg.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of TD Holdings,Inc. and its subsidiary companies. All statements,other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions,involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable,they do involve assumptions,risks and uncertainties,and these expectations may prove to be incorrect. The following factors,among others,could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on the Company's operations; the demand for the Company's products and services,global supply chains and economic activity in general; the occurrence of any event,change or other circumstances; and other risks and uncertainties described herein,as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by TD Holdings,Inc. Investors should not place undue reliance on these forward-looking statements,which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors,including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website athttp://www.sec.gov.All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws,the Company does not assume a duty to update these forward-looking statements.

For more information,please contact:

Ascent Investor Relations LLC

Ms.Tina Xiao

Email:tina.xiao@ascent-ir.com

Tel: +1 917 609 0333

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