On October 25, 2019, Chengchun Zhang tendered his resignation as the Chief Operating Officer of AGM Group Holdings Inc. (the "Company"), effective immediately. The resignation of Mr. Zhang has been approved by the Nominating Committee, the Compensation Committee and the Board of Directors of the Company. On October 30, 2019, at the recommendation of the Nominating Committee and the Compensation Committee, the Board approved and confirmed the appointment of Xiaoding Wu as the succeeding Chief Operating Officer of the Company, effective November 1, 2019 until the Company's next annual meeting of shareholders and until her successor is duly elected and qualified, or until her earlier death, resignation or removal. Xiaoding Wu, age 36, has extensive experience in management and data collection and analysis. She has been the Director of Data Analysis Department of Beijing AnGaoMeng Technology Service Co. Ltd., since 2015 where she was in charge of setting up and leading data analysis teams, building trading monitoring system, data analysis assessment system, and risk management system, and designing the automatic trading and risk monitoring system.