SHENZHEN, China, Dec. 4, 2020 — TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading and supply chain management service provider in China today released a statement to address its recent stock volatility. The management team of the Company believes it is prudent to advise the market of this given recent fluctuations of its stock price.

The statement provided by the Company is as follows:

• The Company is unaware of any reasons for its recent stock volatility or any material developments concerning its business operations that is not publicly available.
• The Company has not selectively disclosed any material nonpublic information to analysts, investors or others.
• The Company will continue to monitor key factors that may affect its stock volatility including the latest developments, assess its business, financial condition and results of operations, and will disclose such information publicly either through press releases or SEC fillings.

About TD Holdings, Inc.

TD Holdings, Inc. (Nasdaq: GLG) is a commodities trading and supply chain management service provider in China. Our commodities trading and supply chain management businesses are conducted under the brand names "Huamucheng" by Shenzhen Huamucheng Trading Co., Ltd. and "Qianhai Baiyu" by Shenzhen Qianhai Baiyu Supply Chain Co., Ltd., the Company’s wholly owned subsidiaries in Shenzhen. For more information please visit http://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, involve 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. 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 at http://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.