AGM Group Holdings completed a private placement of Class A ordinary shares to Vastway Technology Co., Ltd. for approximately US$11 million at US$0.6305 per share. The transaction grants the purchaser roughly 77.2% of outstanding shares and 63.6% of voting power. Concurrently, Ms. Jianping Niu resigned as an independent director, while Ms. Rui Zhang and Ms. Li Zhang were appointed to the board. Ms. Zhang receives US$50,000 annually in compensation. The company operates in the technology sector.
