The Board of AGTech Holdings Ltd. announced that Ms. Liao Zhaohui, who was appointed as an independent non-executive Director with effect from 4 May 2015, had informed the Company that she did not have the capacity to accept such proposed appointment by the Company. Accordingly, the resolution passed by the Board on 23 March 2015 approving Ms. Liao's appointment as an independent non-executive Director with effect from 4 May 2015 was revoked by a resolution passed by the Board on 17 April 2015. The Board announced that Dr. GAO Jack Qunyao will be appointed as an independent non-executive Director (to fill the vacancy not taken up by Ms. Liao) and a member of the audit committee, the nomination committee and the remuneration committee of the Company with effect from 6 May 2015.

The Board is also announced the appointment of Mr. CHENG Guoming as executive Director and Chief Financial Officer of the company with effect from 6 May 2015.