On October 14, 2020, Guofu Zhang tendered his resignation as Chief Financial Officer of AGM Group Holdings Inc. effective October 15, 2020. Mr. Zhang’s resignation as Chief Financial Officer is not the result of any disagreement with the Company’s operations, policies or procedures. On October 15, 2020, at the recommendation of the Nominating Committee and the Compensation Committee, the Board approved and confirmed the appointment of Zhihe Yang as the succeeding Chief Financial Officer of the Company. Mr. Yang has been the Financial Manager at Beijing AnGaoMeng Technology Service Co. Ltd. since August 2018. Mr. Yang has extensive experience working in accounting firms with regard to financial management and internal control system construction. From September 2017 to July 2018, he spent a year as a freelance financial advisor. Prior to that, Mr. Yang served as the Audit Manager at Beijing Zongheng United Certified Public Accountants Co. Ltd. from May 2013 to September 2017. From April 2012 to March 2013, he was the Financial Manager at Wuhan Fengze Agricultural Science and Technology Development Co. Ltd. From July 2007 to August 2011, he was the Audit Manager at Zhong Cheng Xin An Rui (Beijing) Certified Public Accountants Co. Ltd.