Item 1.01. Entry into a Material Definitive Agreement.

On January 9, 2025, Avalon GloboCare Corp., a Delaware corporation (the "Company") entered into an exchange agreement (the "Agreement") with Wenzhao Lu ("Lu"), the Chairman of the Board of Directors of the Company, pursuant to which Lu exchanged 9,000 shares of Series A Preferred Stock of the Company for 5,000 shares of Series D Preferred Stock of the Company pursuant to an exemption from registration under Section 3(a)(9) of the Securities Act of 1933, as amended (the "Exchange"). Upon consummation of the Exchange, there were no shares of Series A Preferred Stock of the Company outstanding.

The foregoing description of the terms of the Agreement, and the transactions contemplated thereby, does not purport to be complete and is qualified in its entirety by reference to the copy of the Agreement filed hereto as Exhibit 10.2 to this Current Report on Form 8-K, and is incorporated herein by reference.