On August 1, 2018, the board of directors of AB International Group Corporation expanded the size of the Board from three directors to four directors, and appointed Alexander Holtermann as a Director to fill the vacant seat. The Board also appointed Mr. Holtermann as the Company's Chief Executive Officer. Mr. Holtermann was previously a consultant to the Company.

Mr. Holtermann is 48, and has worked in financial markets across Europe, Asia and North America for over twenty years in both private and public capacities. Concurrent with the foregoing, the Company entered into Employment Agreements with Chiyuan Deng, its President, Ian Wright, its Chief Operating Officer, and Jianli Deng, its Secretary and Treasurer. On August 1, 2018, the Board accepted the resignation of Ying Zhang from her positions as a Vice President and Director.