On August 7, 2020, Ms. Lilly Deng resigned as Vice President of Legal and Finance and a director of iFresh Inc. (the Company), effective immediately. Ms. Deng’s resignation was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On August 11, 2020, Ms. Ping Zhou was appointed to fill the vacancy on the Board of Directors of the Company until her successor is duly qualified and elected to succeed her at the Company’s next annual meeting or such earlier date of her resignation or removal. Ping Zhou has served as chairperson of HK Xu Ding Co. Limited since February 2020. From March 2009 through December 2013, Ping was a Manager at Hongkong Xiangtian International Investment Group Co. Ltd. From January 2005 through December 2008, Ping served as Treasurer at Chengdu Branch of Hongkong Xiangtian International Investment Group Co. Ltd. Ping studied accounting at Southwestern University of Finance and Economics in China. The Company believes Ping’s qualifications to sit on the Board of Directors include her extensive experience in accounting and financial reporting.