Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On August 6th, 2020, the Board of Directors (the "Board") of Addentax Group
Corp. (the "Company") appointed Ms. CUI Shan ("Ms. Cui") to fill the vacancy
created by the departure of Ms. NG Chung Chi, effective August 10th, 2020.
The Board has determined that Ms. Cui satisfies the definition of "independent
director" in accordance with Rule 5605(a)(2) of the Marketplace Rules of The
Nasdaq Stock Market, Inc. and Section 10(A)(m)(3) of the Securities Exchange Act
of 1934, as amended.
The Company expects Ms. Cui to serve as the chairman of the audit committee and
the "audit committee financial expert" as that term is defined by in Item
407(d)(5) of Regulation S-K promulgated under the Securities Exchange Act of
1934, as amended.
The biography for Ms. Cui is set forth below:
Ms. Cui earned her Bachelor's degree in English from Qingdao Ocean University in
1991 and master's degree in Finance from Georgia State University, the United
States in 1995. Ms. Cui is currently the CFO of Capital First International
engaging in funding , investment evaluation, pre-IPO advisory post IPO capital
market activities. Ms. Cui is also the independent Director and Audit Chair of
WIMI Hologram Inc. She has accumulated sufficient accounting and finance
reporting and risk management experience by working at several quoted companies
since 1995. She has seasoned executive expertise in Capital Markets, Investor
Relations, SOX, Financial Planning and Analysis, SEC Reporting, Financial
Systems, CFO services and Project Management. She brings to the Board deep
finance, audit and business experiences.
Ms. Cui has entered into an Independent Director Agreement with the Company,
pursuant to which Ms. Cui will receive $17,142 per year in equal monthly
installments of $1,428.50 at the end of each month.
Item 9.01. Exhibits
Exhibit Number Description
10.1 Independent Director Agreement with Ms. CUI Shan
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