AGBA Group Holding Limited announced a that it has entered into a purchase agreement with the new investor Williamsburg Venture Holdings, LLC to issue common shares for the gross proceeds of $50,000,000 on September 7, 2023. The Investor shall be obligated to purchase, such number of ordinary shares of company and at such price as are determined in accordance with the Equity Purchase Agreement. In consideration of company's Put rights, the Investor shall be entitled to 600,000 ordinary shares within no later than 5 trading days from the date of the Equity Purchase Agreement and pursuant to the Equity Purchase Agreement, the Investor may not acquire at any point, more than 5% of the outstanding ordinary shares.