AGM Group Strengthens Board with Tech and Finance Veterans in Major Leadership Refresh

Rhea-AI Filing Summary

AGM Group Holdings announced significant changes to its Board of Directors on June 12, 2025. The changes include the resignation of Ms. Fangjie Wang as independent director and Audit Committee chair, and the appointment of three new independent directors:

• Mr. Hailiang Jia (age 49) - Appointed as Audit Committee chair and member of Compensation and Nominating Committees. Current CFO at 3 E Network Technology Group (MASK) with 20+ years finance experience and CPA certification.
• Mr. Yang Cao (age 41) - Appointed to Compensation Committee. Current General Manager of Beijing Kewoyi Technology, with expertise in technology management and logistics.
• Ms. Jianping Niu (age 68) - Appointed to Nominating Committee. Brings 40+ years experience in logistics and supply chain management, currently director of logistics information at Beijing Zhengguangtong International.

The appointments strengthen the board's expertise in finance, technology, and logistics, potentially enhancing corporate governance and strategic oversight.

Positive

• Strengthened board expertise with appointment of Mr. Hailiang Jia, who brings significant financial experience as current CFO of 3E Network Technology Group (NASDAQ: MASK) and certified public accountant
• Enhanced technology and logistics oversight through appointment of Mr. Yang Cao, bringing relevant experience in freight logistics platform development and software technology
• Added valuable cold chain and supply chain expertise through Ms. Jianping Niu's appointment, with over 40 years of experience in logistics management and IoT technology integration

Negative

• Departure of Ms. Fangjie Wang from critical roles as independent director and chair of the Audit Committee creates temporary governance transition risk

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number: 001-38309

 

AGM GROUP HOLDINGS INC.

(Translation of registrant’s name into English)

 

c/o Creative Consultants (Hong Kong) Limited

Room 1502-3 15/F., Connaught Commercial Building, 185 Wanchai Road

Wanchai, Hong Kong

+852 975-02047 – telephone

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒    Form 40-F ☐

 

 

 

 

 

 

Change of Directors

 

Resignation of Ms. Fangjie Wang

 

On June 12, 2025, Ms. Fangije Wang notified AGM Group Holdings Inc. (the “Company”) her resignation as an independent director and the chair of the Audit Committee, a member of Compensation Committee and Nominating Committee of the Company, with effect on and from June 12, 2025.

 

Appointment of Mr. Hailiang Jia, Ms. Jianping Niu and Mr. Yang Cao

 

Effective June 12, 2025, Mr. Hailiang Jia, Ms. Jianping Niu and Mr. Yang Cao were elected as independent directors of the Company by the existing members of the board of directors (the “Board”) of the Company pursuant to the Amended and Restated Memorandum and Articles of Association of the Company.

 

Mr. Hailiang Jia was elected to fill the vacancy on the Board resulted from the resignation of Ms. Fangjie Wang, and will serve as the chair of the Audit Committee of the Company, a member of the Compensation Committee and Nominating Committee. Simultaneously, Mr. Yang Cao was elected to serve as a member of the Compensation Committee, and Mr. Jianping Niu was elected to serve as a member of the Nominating Committee.

 

Mr. Hailiang Jia, aged 49, has over 20 years of experience in finance and executive management roles across multiple industries, including technology, trade, and accounting. Mr. Jia has served as the Chief Financial Officer at 3 E Network Technology Group Ltd (Nasdaq: MASK) since November 2024. From June 2003 to October 2008, Mr. Jia served as the Chief Financial Officer at Henan Ocean Chemical Fiber Group Co., LTD. in China. Between November 2008 and October 2014, he served as the Chief Financial Officer at Zhengzhou Sanhui Electric Co., LTD. in China. From November 2014 to October 2019, Mr. Jia served as the Chief Financial Officer of Zhengzhou Wate Energy-saving Technology Co., LTD. in China. Starting from August 2022, Mr. Jia has been a certified public accountant at Hebei Huatai United Accounting Firm. Mr. Jia received a bachelor’s degree in finance and accounting from Henan University of Technology (formerly known as Henan Food University) in 2000 and a master’s degree of business administration from the same university in 2013.

 

Mr. Yang Cao, aged 41, has extensive experience in technology management and education, with a career spanning roles in academia and executive leadership in the software and logistics sectors. He has served as the General Manager of Beijing Kewoyi Technology Co., Ltd. since January 2021, where he leads the development and operation of an online freight logistics platform. Previously, Mr. Cao served as a product manager at Beijing Zhongkezhixing Lot Technology Co., Ltd from 2020 to 2023, primarily responsible for software technology development and logistics services. Mr. Cao received a bachelor’s degree in computer science from Henan Normal University in 2008.

 

Ms. Jianping Niu, aged 68, has over 40 years of experience in logistics and supply chain management, specializing in cold chain operations and logistics information systems. She has served as the director of logistics information at Beijing Zhengguangtong International Supply Chain Management Co., Ltd. since August 2024, where she oversees cold chain management, RFID and IoT technology integration, and compliance with GSP/GMP standards. Previously, Ms. Niu served as a director of warehouse operations at Beijing Kewoyi Technology Co., Ltd. from November 2021 to August 2024, managing multiple regional cold chain warehouses and implementing advanced tracking technologies. Ms. Niu received a bachelor’s degree in chemistry from Henan Normal University in 1978.

 

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Exhibit Index

 

Exhibit No.	 	Description
99.1	 	Director Offer Letter with Mr. Hailiang Jia
99.2	 	Director Offer Letter with Mr. Yang Cao
99.3	 	Director Offer Letter with Ms. Jianping Niu

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 23, 2025	AGM GROUP HOLDINGS INC.
 	 	 
 	By:	/s/ Bo Zhu
 	Name: 	Bo Zhu
 	Title:	Chief Executive Officer

 

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FAQ

Who resigned from AGMH's board of directors in June 2025?

Ms. Fangjie Wang resigned as an independent director of AGMH on June 12, 2025. She also stepped down from her positions as chair of the Audit Committee and member of both the Compensation Committee and Nominating Committee.

Who are the new independent directors appointed to AGMH's board in June 2025?

AGMH appointed three new independent directors effective June 12, 2025: Mr. Hailiang Jia (who replaced Ms. Wang as Audit Committee chair), Ms. Jianping Niu (appointed to Nominating Committee), and Mr. Yang Cao (appointed to Compensation Committee).

What is Hailiang Jia's background and experience before joining AGMH's board?

Mr. Hailiang Jia, 49, has over 20 years of finance experience. He currently serves as CFO at 3 E Network Technology Group Ltd (Nasdaq: MASK) since November 2024 and is a certified public accountant at Hebei Huatai United Accounting Firm. He previously held CFO positions at several Chinese companies and holds an MBA from Henan University of Technology.

What are the qualifications of AGMH's new director Jianping Niu?

Ms. Jianping Niu, 68, has over 40 years of experience in logistics and supply chain management. She currently serves as director of logistics information at Beijing Zhengguangtong International Supply Chain Management Co., Ltd since August 2024, specializing in cold chain operations and logistics information systems. She holds a bachelor's degree in chemistry from Henan Normal University.

When did AGMH file this Form 6-K and what was its purpose?

AGMH filed this Form 6-K on June 28, 2025, to report changes to its Board of Directors, including the resignation of one independent director and the appointment of three new independent directors, along with their respective committee assignments.