MMTec, Inc. entered in a common stock purchase agreement with VG Master Fund SPC for gross proceeds of $6 million of common shares on August 10, 2022. Each share will have a par value $0.01. The company will issue 53,334 shares of common stock.

The offer and sale of the Securities in accordance with the terms and conditions of this agreement is exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2) and/or Rule 506(b) of Regulation D.