The board of directors of AGTech Holdings Limited announced that Mr. Zhou Haijing has tendered his resignation as the executive Director, the chief financial officer, and a member of the risk management and internal control committee of the company, with effect from January 30, 2019, due to position re-arrangement and the needs to devote more time on his new position in Alibaba Group. The board announced that Ms. Hu Taoye has been appointed as an executive Director, the chief financial officer, and a member of the risk management and internal control committee of the company, with effect from January 30, 2019. Prior to joining the Group, Ms. Hu was a financial controller of the digital media and entertainment division of Alibaba Group.