AGM Group Holdings Inc. (NasdaqCM:AGMH) signed a definitive agreement to acquire Anyi Network Inc. from Haiyan Huang, Feng Zhi and Yinglu Gao for $8 million on July 26, 2019. As part of the consideration, AGM Group shall pay $400,000 in cash and issue an aggregate of 475,000 duly authorized, fully paid and non-assessable Class A ordinary shares. AGM Group intends to finance the transaction, including related fees and expenses, by its working capital. The transaction is subject to the regulatory approval and other customary closing conditions. The transaction is expected to close on the second business day following the satisfaction or, if permitted pursuant hereto, waiver of the closing conditions.