On October 25, 2018, Chuang Chen tendered his resignation as Independent Director and Chairman of Audit Committee of AGM Group Holdings Inc. (the “Company”), effective December 31, 2018. Mr. Chen’s resignation from the Board of Directors is not the result of any disagreement with the Company’s operations, policies or procedures. The resignation of Chuang Chen has been approved by the Nominating Committee, the Compensation Committee and the Board of Directors of the Company. On January 8, 2019, at the recommendation of the Nominating Committee and the Compensation Committee, the Board of Directors of the Company approved, confirmed and ratified the appointment of Fangjie Wang as an independent director of the Company, effective January 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. Ms. Wang will be serving on the Board of Directors as a non-employee, independent director. The Board has determined Ms. Wang is an “independent” director and an “audit committee financial expert” under applicable U.S. Securities and Exchange Commission (“SEC”) and Nasdaq Marketplace Rules. Ms. Wang has also been named as a member of the Nominating Committee and Compensation Committee, and as the Chairwomen of the Audit Committee. Ms. Wang, age 29, has been working as an Audit Manager at Beijing Hua Long Ding Jia Certified Public Accountants Co. Ltd. since March 2018. Prior to that, she worked at Zhongxinghua Certified Public Accountants LLP as an Audit Assistant from August 2017 to February, 2018. She worked as the Lecturer of International Economics and Trade at Hubei Vocational Technical Institute from June 2016 to July 2017. She interned as a teacher of Ecological Tourism at Adult Education Academy of Guangxi Normal University. She interned as an assistant at Tian Jia Bing Academy of Guangxi Normal University from June 2014 to March 2016. From August 2013 to May 2014, she worked as an Internal Assistant to Duty Manager at Xiaogan Branch of Agricultural Bank of China. Ms. Fangjie Wang is an accounting expert and is experienced with establishing effective internal control system.