AGTech Holdings Limited announced that Ms. Monica Maria Nunes has tendered her resignation as an independent non-executive Director, the chairperson of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from January 24, 2022 due to her proposed new position in the Group as a director of a subsidiary of the Company. Ms. Nunes has confirmed that she has no disagreement with the Board and that there are no matters relating to her resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited . The Board would like to take this opportunity to express its sincere gratitude to Ms. Nunes for her valuable contributions during her tenure of directorship with the Company.

The Board announced that Mr. Chow Siu Lui has been appointed as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee, and a member of the Nomination Committee, with effect from January 24, 2022. Mr. Chow, aged 61, has extensive experience in fund raising and initial public offering activities in Hong Kong as well as accounting and financial fields. Mr. Chow worked in KPMG Hong Kong for about 28 years and was admitted as one of its partners in 1995.

He was then mainly responsible for providing advice in group structuring prior to initial public offering and fund raising in local and overseas stock exchanges. He is currently a partner of VMS Investment Group Limited, who is responsible for private equities investment, including due diligence of all investment projects. Mr. Chow was a previous chairman of the investment strategy task force of the Hong Kong Institute of Chartered Secretaries and the Mainland Development Strategies Advisory Panel of the Hong Kong Institute of Certified Public Accountants .

Mr. Chow is currently an independent non-executive director for a number of listed companies, including Genertec Universal Medical Group Company Limited, China Everbright Greentech Limited, Futong Technology Development Holdings Limited, Shanghai Dazhong Public Utilities Co. Ltd., China Tobacco International Company Limited, and Global Cord Blood Corporation, and a non-executive director of Renrui Human Resources Technology Holdings Limited . He was an independent non –director for Sinco Pharmaceuticals Holdings Limited from February 2016 to November 2018, and Fullshare Holdings Limited from December 2013 to December 2021.

The Board would like to extend its warm welcome to Mr. Chow in joining the Board. The Board is also pleased to announce that Mr. Sun Ho, an executive Director and chairman of the Board, has been redesignated from a member of the Nomination Committee to the chairman of the Nomination Committee with effect from January 24, 2022, with the other three members of such committee all being independent non-executive Directors .