The board of directors of AGTech Holdings Limited announced that Mr. Zhang Wei ("Mr. Zhang") has resigned as a non-executive Director with effect from 10 November 2017 due to his other business engagements which require more time and dedication. The Board announced that Mr. Zou Liang ("Mr. Zou") has been appointed as a non-executive Director with effect from 10 November 2017. Mr. Zou joined Ant Small and Micro Financial Services Group Co. Ltd. in 2015 and is currently the senior director of the Payment Business Group-Business Solution & Open Platform division of Ant Financial Group. Prior to joining Ant Financial Group, Mr. Zou was a general manager at Hunan Yuanchen Investment Group from February 2010 to March 2015. Mr. Zou will hold office until the first general meeting of the Company after his appointment, where he shall retire in accordance with the Bye-laws of the Company and also be eligible for re-election at that meeting. Thereafter, he shall be subject to retirement by rotation and re-election at the Company's general meetings pursuant to the Bye-laws of the Company.