AGTech Holdings Limited announced that Mr. Zhang Qin has resigned as a non-executive Director; and Mr. Li Faguang has been appointed as a non-executive Director. Mr. Li, aged 42, obtained a bachelor's degree in Finance from Nankai University in the People's Republic of China in June 1998 and a master's degree in Finance and Management from Loughborough University in the United Kingdom in December 2005. Mr. Li joined Alibaba Group (i.e. Alibaba Group Holding Limited and its subsidiaries) in February 2016 and is currently a senior financial controller of Alibaba Group Holding Limited. Mr. Li has extensive experience in financial management. Prior to joining Alibaba Group, Mr. Li worked at Otis Electric Elevator Co. Ltd. (formerly known as (Xizi Otis Elevator Co. Ltd.) as director of financial analysis and a regional financial controller from May 2012 to February 2016. Prior to that, he worked at Dell (China) Company Limited for approximately seven years and his last position was a senior financial manager.