# EDGAR Filing Document

**Accession Number:** 0001630212
**File Stem:** 0001213900-23-002142
**Filing Date:** 2023-1
**Character Count:** 30245
**Document Hash:** 18312ceb17bde77401e699eac61de653
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-002142.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001213900-23-002142

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230109

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Avalon GloboCare Corp.
- **CENTRAL INDEX KEY:** 0001630212
- **STANDARD INDUSTRIAL CLASSIFICATION:** BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
- **IRS NUMBER:** 471685128
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38728
- **FILM NUMBER:** 23522624

**BUSINESS ADDRESS:**
- **STREET 1:** 4400 ROUTE 9
- **STREET 2:** SUITE 3100
- **CITY:** FREEHOLD
- **STATE:** NJ
- **ZIP:** 07728
- **BUSINESS PHONE:** 732-780-4400

**MAIL ADDRESS:**
- **STREET 1:** 4400 ROUTE 9
- **STREET 2:** SUITE 3100
- **CITY:** FREEHOLD
- **STATE:** NJ
- **ZIP:** 07728

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Avalon Globocare Corp.
- **DATE OF NAME CHANGE:** 20161018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLOBAL TECHNOLOGIES CORP
- **DATE OF NAME CHANGE:** 20150108

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): January 9, 2023

**AVALON GLOBOCARE CORP.**

(Exact name of registrant as specified in its charter)

<u>Delaware</u> <u>001-38728</u> <u>47-1685128</u> <br> (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification Number)

**4400 Route 9 South, Suite 3100, Freehold, New Jersey 07728**

(Address of principal executive offices) (zip code)

**732-780-4400**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbols | Name of each exchange on which registered |
| Common Stock, $0.0001 par value per share | ALBT | The Nasdaq Capital Market |

---

 **Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On January 9, 2023, Lourdes Felix was appointed to the Board of Directors of Avalon GloboCare Corp. (the "Company") to serve as a director of the Company. Ms. Felix entered into an agreement pursuant to which she will serve as a director of the Company and the Chairwoman of the Compensation Committee. In addition, Tevi Troy, a director of the Company, was appointed as a member to the Audit Committee. The director agreement provides that Ms. Felix will receive options to receive 8,000 shares of common stock per year at an exercise price equal to the closing price on December 31st of the prior year vesting quarterly. The options shall vest in equal amounts quarterly and shall be exercisable for a period of five years. For partial year service during 2023, the Company granted Ms. Felix an option to acquire 7,803 shares of common stock at an exercise price of $4.01 for a term of five years vesting January 9, 2023 with respect to 1,803 shares of common stock during the first calendar quarter and 2,000 shares of common stock thereafter at the beginning of each quarter during 2023.

There is no understanding or arrangement between Ms. Felix and any other person pursuant to which she was appointed as a director. Ms. Felix does not have any family relationship with any director, executive officer or person nominated or chosen by us to become a director or an executive officer. Ms. Felix has not had direct or indirect material interest in any transaction or proposed transaction, in which the Company was or is a proposed participant, exceeding $120,000.

Lourdes Felix is a female Hispanic entrepreneur and corporate finance executive with 30 years of combined experience in capital markets, public accounting, and the private sector who is driven by a passion for helping others. She presently serves as Chief Executive Officer, Chief Financial Officer and Director of BioCorRx Inc. (OTCQB: BICX), a leader in addiction treatment solutions and related disorders. Lourdes is also one of the founders and President of BioCorRx Pharmaceuticals Inc., a majority owned subsidiary of BioCorRx Inc that is focused on the development of addiction treatments and related disorders. She has been instrumental in capital procurement, completing multi-million dollar equity financing and accomplished in structuring and negotiating transactions and favorable terms with investment banks.

Ms. Felix has been a Director of BioCorRx Inc. since March 7, 2013. Ms. Felix was appointed Chief Executive Officer of BioCorRx Inc. on November 9, 2020 and became Chief Financial Officer of BioCorRx Inc. on October 1, 2012. Ms. Felix was President of BioCorRx Inc. from February 26, 2020 until she resigned upon her appointment as CEO on November 9, 2020. Ms. Felix is very active in the Hispanic community and speaks fluent Spanish. Ms. Felix holds a Bachelor of Science degree in Business Management and Accounting from University of Phoenix.

The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.

 **Item 9.01 Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 10.1 | [Director Agreement by and between Avalon GloboCare Corp. and Lourdes Felix dated January 9, 2023](ea171486ex10-1_avalon.htm) |
| 99.1 | [Press Release dated January 11, 2023](ea171486ex99-1_avalon.htm) |
| 104 | Cover Page Interactive Date File (embedded within the Inline XRBL document) |

---

**SIGNATURES**

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

---

| | | | |
|:---|:---|:---|:---|
|  | **AVALON GLOBOCARE CORP.** | **AVALON GLOBOCARE CORP.** | **AVALON GLOBOCARE CORP.** |
| Dated: January 11, 2023 | By: | /s/ Luisa Ingargiola | /s/ Luisa Ingargiola |
|  |  | Name: | Luisa Ingargiola |
|  |  | Title: | Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**Avalon GloboCare Corp.**

**4400 Route 9 South, Suite 3100**

**Freehold, New Jersey 07728**

January 9, 2023

Lourdes Felix

Letter of Appointment – Board of Directors

Dear Ms. Felix:

We are pleased to offer you the role as a director of the Board of Directors (the "Board") of Avalon GloboCare Corp. (the "Company"). This letter contains the terms of your appointment as a director of the Board of Directors of the Company. This letter will be effective from the date of the signing of this letter.

1. Your Duties:

&nbsp;&nbsp;&nbsp;&nbsp;a) You will be expected to attend all meetings (either in person or by teleconference)
of the Board of the Company of which we expect to hold approximately four per annum for the Board as well as sign all written consents
if you deem appropriate. In addition, you will be expected to perform such other duties as are reasonably contemplated by your holding
office as a director of the Company or which may reasonably be assigned to you by the Board from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;b) As a director you will:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Perform to the best of your abilities and knowledge the duties reasonably assigned
to you by the Board from time to time, whether during or outside business hours and at such places as the Board reasonably requires;

ii) Use all reasonable efforts to promote the interests of the Company;

iii) Attend directors' meetings;

iv) Act in the best interests of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) Work closely with the Board of Directors and the Chief Executive Officer.

&nbsp;&nbsp;&nbsp;&nbsp;c) As you will appreciate, however, your time commitment will ultimately be a product
of the matters confronting the Company from time to time and matters properly requiring your attention as a director of the Company.

2. Remuneration:

You will receive $5,000 per month for your service as a director and $2,500 per quarter for your role as Chairwoman of the Compensation Committee.

On January 1 of each year, the Company shall grant you options to purchase 8,000 shares of the Company's common stock on an annual basis at exercise price equal to the closing price on December 31st. The options will vest 25% at the beginning of each quarter and have a term of five years. As your service as a director will commence on the date set forth above, the option for this year shall be pro-rated. As a result, for 2023, you shall receive a stock option to acquire 7,803 shares of common stock at an exercise price of $4.01 per share for a term of five years vesting January 9, 2023 with respect to 1,803 shares of common stock during the first calendar quarter and 2,000 shares of common stock thereafter at the beginning of each quarter during 2023,

3. Expenses: Subject to you providing the Company with receipts or other evidence of
payment, the Company will pay for or reimburse you for all travelling, hotel and other expenses reasonably incurred by you in connection
with attending and returning from Board meetings or otherwise in connection with the Company's business. Reasonable travel and out of
pocket expenses used in connection with the business of the Group shall include:

&nbsp;&nbsp;&nbsp;&nbsp;a) Domestic and international travel (economy class under 4 hours and business class
over 4 hours); and

&nbsp;&nbsp;&nbsp;&nbsp;b) Hotel accommodation.

4. Termination of Appointment:

&nbsp;&nbsp;&nbsp;&nbsp;a) Your appointment as the Director may be terminated at any time by the vote of the
stockholders of the Company in accordance with the certificate of incorporation and bylaws of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;b) You acknowledge and agree that if the shareholders of the Company terminate your
appointment, you will have no claim of any kind against the Company by reason of the termination.

&nbsp;&nbsp;&nbsp;&nbsp;c) You are at liberty to terminate the appointment at any time by notice in writing to the Company.

5. What happens after termination of appointment?

If your appointment is terminated for any reason or you resign for any reason:

&nbsp;&nbsp;&nbsp;&nbsp;a) The Company may set off any amounts you owe the Company against any amounts the
Company owes to you as a Director at the date of termination except for amounts the Company is not entitled by law to set off;

&nbsp;&nbsp;&nbsp;&nbsp;b) You must return all the Company's property (including property leased by the Company)
to the Company on termination including all written or machine readable material, software, computers, credit cards, keys and vehicles;
and

&nbsp;&nbsp;&nbsp;&nbsp;c) You must not record any confidential information in any form after termination.

6. Prohibited Activities:

&nbsp;&nbsp;&nbsp;&nbsp;a) You undertake to the Company that you will not during the term of your appointment
engage in a business or an activity that would place you in a position of conflict in respect of the performance of your duties.

&nbsp;&nbsp;&nbsp;&nbsp;b) The terms of your appointment do not restrict you from accepting appointment as
a director of any other company outside of the Company's industry, providing consulting services or any other business or other
activity whatsoever. The Company acknowledges and accepts your current roles as a director. You recognize
that the services to be performed by you under the Agreement are special, unique and extraordinary. The parties confirm that it is reasonably
necessary for the protection of the Company's goodwill that you agree, and accordingly, you do hereby agree and covenant, that during
your term as director, you will not, directly or indirectly, except for the benefit of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. become an officer, director, more than 2% stockholder, partner, associate, employee,
owner, proprietor, agent, creditor, independent contractor, co-venturer or otherwise, or be interested in or associated with any other
corporation, firm or business engaged in the same or any similar business competitive with that of the Company (including the Company's
present and future subsidiaries and affiliates) (the "Business"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. solicit, cause or authorize, directly or indirectly, to be solicited for or on behalf
of himself or third parties from parties who were customers of the Company (including its present and future subsidiaries and affiliates)
at any time during your term, any business similar to the business transacted by the Company with such customer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. accept or cause or authorize, directly or indirectly, to be accepted for or on
behalf of your or third parties, business from any such customers of the Company (including its present and future subsidiaries and affiliates);
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. solicit, or cause or authorize, directly or indirectly, to be solicited for employment
for or on behalf of you or third parties, any persons who were at any time during your term hereunder, employees of the Company (including
its present and future subsidiaries and affiliates); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. employ or cause or authorize, directly or indirectly, to be employed for or on behalf
of yourself or third parties, any such employees of the Company (including its present and future subsidiaries and affiliates); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. use the tradenames, trademarks, or trade dress of any of the products of the Company
(including its present and future subsidiaries and affiliates); or any substantially similar tradename, trademark or trade dress likely
to cause, or having the effect of causing, confusion in the minds of manufacturers, customers, suppliers and retail outlets and the public
generally.

You acknowledge the intention that the Company shall have the broadest possible protection of the value of its business consistent with public policy, and it will not violate the intent of the parties if any court should determine that, consistent with established precedent of the forum state, the public policy of such state requires a more limited restriction in geographical area or duration of the aforesaid covenant not to compete, contained in an appropriate decree.

&nbsp;&nbsp;&nbsp;&nbsp;c) Except as permitted in this Agreement or as approved by the Company, you will
 not (i) use any Confidential Information (as defined below) or (ii) disseminate or in any way disclose the Confidential Information
 to any person, firm, business or governmental agency or department. You may use the Confidential Information to perform your Duties
 for the benefit of Company. You shall treat all Confidential Information with the same degree of care as you accord to your own
 confidential information, but in no case shall you use less than reasonable care. You shall immediately give notice to Company of
 any unauthorized use or disclosure of the Confidential Information. You shall assist Company in remedying any the unauthorized use
 or disclosure of the Confidential Information. You
agree not to communicate any information to Company in violation of the proprietary rights of any third party.

"Confidential Information" means (a) any technical and non-technical information related to the Company's business and current, future and proposed products and services of Company, including for example and without limitation, Company innovations, intellectual property, and information concerning research, development, design details and specifications, financial information, procurement requirements, engineering and manufacturing information, customer lists, business forecasts, sales information, marketing plans and business plans, and provided, in each case, that each is marked as "confidential" or "proprietary" and (b) any information that Company has received from others that may be made known to you and that Company is obligated to treat as confidential or proprietary, and provided, in each case, that each is marked as "confidential" or "proprietary".

7. Notices and Other Communications:

&nbsp;&nbsp;&nbsp;&nbsp;a) Service of Notices

A notice, demand, consent, approval or communication under this letter (collectively a "Notice") must be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) In writing and in English directed to the address advised by the recipient for
notices, as varied by any notice; and

ii) Hand delivered or sent by prepaid post or facsimile to that address.

&nbsp;&nbsp;&nbsp;&nbsp;b) Effective on Receipt: A Notice given in accordance with section 7(a) takes effect
when received (or at a later time specified in the Notice), and is taken to be received:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) If hand delivered, on delivery;

ii) If sent by prepaid post, two Business Days after the date of posting (or seven Business Days after the date of posting if posted to or from outside The United States of America);

iii) If sent by facsimile, when the sender's facsimile system generates a message confirming successful transmission of the entire Notice unless, within eight Business Hours after the transmission, the recipient informs the sender that it has not received the entire Notice; but if the delivery, receipt or transmission is not on a Business Day or is after 5.00pm on a Business Day, the Notice is taken to be received at 9.00am on the Business Day after that delivery, receipt or transmission.

8. Miscellaneous

&nbsp;&nbsp;&nbsp;&nbsp;a) Alterations: This letter may be altered only in writing signed by each party.

&nbsp;&nbsp;&nbsp;&nbsp;b) Approvals and consents: Except where this letter expressly states otherwise, a party
may, in its discretion, give conditionally or unconditionally or withhold any approval or consent under this letter.

&nbsp;&nbsp;&nbsp;&nbsp;c) Assignment: This letter may NOT be assigned by either party.

&nbsp;&nbsp;&nbsp;&nbsp;d) Costs: Each party must pay its own costs of negotiating, preparing and executing this letter.

&nbsp;&nbsp;&nbsp;&nbsp;e) Survival: Any indemnity in this letter is independent and survives termination
of this letter. Any other provision by its nature intended to survive termination of this letter survives termination of this letter.

&nbsp;&nbsp;&nbsp;&nbsp;f) Counterparts: This letter may be executed in counterparts. All executed counterparts
constitute one document.

&nbsp;&nbsp;&nbsp;&nbsp;g) No Merger: The rights and obligations of the parties under this letter do not merge
on completion of any transaction contemplated by this letter.

&nbsp;&nbsp;&nbsp;&nbsp;h) Entire Agreement: This letter constitutes the entire agreement between the parties
in connection with its subject matter and supersedes all previous agreements or understandings between the parties in connection with
its subject matter.

&nbsp;&nbsp;&nbsp;&nbsp;i) Further Action: Each party must do, at its own expense, everything reasonably necessary
(including executing documents) to give full effect to this letter and the transactions contemplated by it.

&nbsp;&nbsp;&nbsp;&nbsp;j) Waiver: A party does not waive a right, power or remedy if it fails to exercise
or delays in exercising the right, power or remedy. A single or partial exercise of a right, power or remedy does not prevent another
or further exercise of that or another right, power or remedy. A waiver of a right, power or remedy must be in writing and signed by the
party giving the waiver.

&nbsp;&nbsp;&nbsp;&nbsp;k) Relationship: Except where this letter expressly states otherwise, it does not
create a relationship of employment, agency or partnership between the parties.

&nbsp;&nbsp;&nbsp;&nbsp;l) Confidentiality: A party may only use the confidential information of another party
for the purposes of this letter, and must keep the existence of this letter and the terms of it and the confidential information of another
party confidential information except where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) The information is public knowledge (but not because of a breach of this letter) or the party has independently
created the information; or

ii) Disclosure is required by law or a regulatory body (including a relevant stock exchange).

&nbsp;&nbsp;&nbsp;&nbsp;m) Announcements: A public announcement in connection with this letter or a transaction
contemplated by it must be agreed by the parties before it is made, except if required by law or a regulatory body (including a relevant
stock exchange).

9. Insurance: The Company has directors' and officers' liability insurance under which
you are covered in the US and elsewhere for all usual risks during the term of your appointment as the Director. The Company will maintain
that cover for the full term of your appointment.

10. Contract for Services: This is a contract for services and is not a contract of employment.

11. Governing Law: This Agreement shall be governed by the laws of the State of
 Delaware (without giving effect to choice of law principles or rules thereof that would cause the application of the laws of any jurisdiction other than the
State of Delaware) and the invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability
of any other provision. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective only to the extent of such prohibition or unenforceability without invalidating or affecting the remaining provisions hereof,
and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.

Please sign the attached copy of this letter to indicate that you have read, understood and accept the terms of your appointment.

Yours Sincerely,

Avalon GloboCare Corp.

---

| | |
|:---|:---|
| By: | /s/ Luisa Ingargiola |
| Name: | Luisa Ingargiola |
| Title: | CFO |

---

---

| |
|:---|
| Agreed to and accepted by: |
| /s/ Lourdes Felix |
| Lourdes Felix |

---

## Exhibit 99.1

**Exhibit 99.1**

![A picture containing text Description automatically generated](image_002.jpg)

**Avalon GloboCare Appoints Lourdes Felix, CEO of a Premier Addiction Treatment Company, to its Board of Directors**

*Ms. Felix's Appointment Will Support New Roll-Up Strategy Targeting Toxicology Labs, Including Within the Addiction Sector*

 

**FREEHOLD, N.J., January 11, 2023 (GLOBE NEWSWIRE) – Avalon GloboCare Corp. ("Avalon" or the "Company") (NASDAQ: ALBT)**, a leading global developer of innovative cell-based technologies and therapeutics and laboratory testing provider, today announced that it has appointed Lourdes Felix to its Board of Directors.

Lourdes Felix is an entrepreneur and corporate finance executive with 30 years of combined experience in capital markets, public accounting and in the private sector. She presently serves as Chief Executive Officer, Chief Financial Officer, and Director of BioCorRx Inc. (OTCQB: BICX), a leader in addiction treatment solutions and related disorders. She has been with BioCorRx since October 2012. Ms. Felix is one of the founders and President of BioCorRx Pharmaceuticals Inc., a majority owned subsidiary of BioCorRx Inc. She has been instrumental in capital procurement, completing multi-million dollar equity financings, and is accomplished in structuring and negotiating transactions. Along with other executives of the company, Ms. Felix restructured and expanded the business model to position it for long term growth in the addiction treatment space and drug development. She also has extensive experience with clinic operations management.

Prior to joining BioCorRx, her experience was in the private sector and public accounting. She has expertise in finance, accounting, company-wide operations, budgeting, and internal control principles including GAAP, SEC, and SOX Compliance. She has thorough knowledge of federal and state regulations and has successfully managed and produced SEC regulatory filings. She also has extensive experience in developing and managing financial operations. Lourdes holds a Bachelor of Science degree in Accounting from the University of Phoenix. She continued her education and is an MBA candidate at D'Amore-McKim School of Business, Northeastern University.

"We are excited to have Lourdes join our board," stated David Jin, M.D., Ph.D., President and Chief Executive Officer of Avalon GloboCare. "She brings a wealth of expertise in both therapeutic development and addiction programs, which we believe will be valuable as we look to implement a roll-up strategy targeting toxicology labs, including within the addiction sector. We believe her deep understanding of the industry, along with her contacts in the private and government sectors will be instrumental in growing our business. Moreover, we believe her strong background in finance, regulatory matters and the public markets also reinforces our commitment to the highest levels of corporate governance."

"I'm thrilled to be joining Avalon at such an exciting time," said Lourdes Felix. "I look forward to working closely with management and helping drive the growth of the company by taking advantage of a unique roll-up opportunity within the highly fragmented market of toxicology labs."

**About Avalon GloboCare Corp.**

Avalon GloboCare Corp. (NASDAQ: ALBT) is a clinical-stage biotechnology company dedicated to developing and delivering innovative, transformative cellular therapeutics, precision diagnostics, and clinical laboratory services. Avalon also provides strategic advisory and outsourcing services to facilitate and enhance its clients' growth and development, as well as competitiveness in healthcare and CellTech industry markets. Through its subsidiary structure with unique integration of verticals from innovative R&D to automated bioproduction and accelerated clinical development, Avalon is establishing a leading role in the fields of cellular immunotherapy (including CAR-T/NK), exosome technology (ACTEX™), and regenerative therapeutics. For more information about Avalon GloboCare, please visit www.avalon-globocare.com.

For the latest updates on Avalon GloboCare's developments, please follow our twitter at @avalongc_avco

**Forward-Looking Statements**

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact, including statements regarding the potential transaction and financing and conditions to closing and the business of Laboratory Services. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

**Contact Information:** 

Avalon GloboCare Corp.

4400 Route 9, Suite 3100

Freehold, NJ 07728

PR@Avalon-GloboCare.com

Investor Relations:

Crescendo Communications, LLC

Tel: (212) 671-1020 Ext. 304

albt@crescendo-ir.com