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

On April 15, 2020 the Board of Directors of Gryphon Resources, Inc. in accordance with the terms of that certain stock purchase agreement dated March 6, 2020 elected to increase the number of directors on its Board from one (1) to two (2). In addition, the Board voted to elect Mr. Seong Yeol Lee, the current majority owner of the Company's outstanding shares of common stock, director and Chief Executive Officer to fill the created position.





Biography



Seog Yeol Lee

Mr. Seong Yeol Lee, 68, is the owner of Liaoning Cornell Co., LTD, a company located in 101-A 8 Xinli Street, Xicheng District, Yingkou City, Liaoning Province, China and he has served as its Chairman and Chief Executive Officer since April 18, 2018. Mr. Lee is also the owner of Liaoning Mt. Sinai General Hospital located in Yingkou City, Liaoning Province, China, and he has served as its Chairman, since its founding on June 08, 2018. From 2002 until 2003, Mr. Lee was the Chief Professor of the International Investment Banking Department of Haidian University located in Beijing, China. From 1996 to 2002, Mr. Lee served as the Chairman and President, as well as Financial, Professional and International Insurance Specialist for Ameritrust Securities, Inc. located in Torrington, Connecticut. From 1996 to 2001, Mr. Lee was employed as an Actuarial Systems Analyst, Broker of Life, Health, Property and Casualty Insurance, and acted as an English and Korean Interpreter for the State of Connecticut Court System. Mr. Lee is also a Grand Master of Taekwondo and he has the following professional designations and qualifications: EGSP, RIA, CHFC, CIF, CFS. Mr. Lee also served as the USA Export Import Bank's Delegate Authority and Project Financier.

Mr. Lee graduated from CPI, a university located in East Hartford, Connecticut where he majored in computer programming and received his Computer Programmer Analyst Certificate in 1986. From 1987 to 1989 Mr. Lee studied Accounting and Finance at University of Hartford, located in Hartford, Connecticut.


                                      -2-

© Edgar Online, source Glimpses