Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2021, approved by the sole Director of the Company, Wei Fang was
appointed as an executive director of the Company, effectively immediately. Kean
Tat Che, Lin Shan and Xiaoyi Chen were appointed as independent directors of the
Company, serving as the chair of the audit committee, chair of the renumeration
committee, and chair of the nominating committee, respectively. Their
appointments are effective immediately, until the Company's next annual meeting
of shareholders and until his successor is duly elected and qualified, or until
their earlier deaths, resignations or removals.
The biographical information of the newly appointed directors are set forth
Mr. Fang was one of the early Bitcoin and Ethereum filecoin investor and
pioneer. He founded Xiamen Youfang Network Technology Co., Ltd. in 2016, and has
been deeply involved in the field of blockchain technology and mining, providing
maintenance service regarding mine construction, mining development and
operation management of mainstream blockchain mining pools, such as filecoin,
Ethereum and cru to more than 100 partners. Currently, he manages the computing
power of Bitcoin, Ethereum, and Filecoin that worth hundreds of millions of
Kean Tat Che
Mr. Che is a member of CPA Australia and has over 15 years of experience in
accounting, auditing, corporate finance and IPO advisory. In 2006, he started
his career as auditor with Ernst & Young LLP and left the firm in 2009. From
2009 to 2012, he worked as Corporate Finance Manager with ICH Group, which was
involved in several IPOs in South East Asia region. In 2013, he served as Vice
President in Auscar Wealth Management Sdn Bhd, responsible for corporate
finance, fund raising, merger and acquisition. From 2013 to 2016, he worked as
Chief Financial Officer at Heyu Capital Group. From 2019 to 2020, he worked as
Group CFO in Nova Group Holdings (Hong Kong Stock Exchange: 1360), responsible
for the group financial affairs, corporate financial activities, merger &
acquisition and corporate restructurings. From 2020 to Present, Mr Che is
working as Vice President and Chief Financial Officer of Central Holding Group
Ltd (Hong Kong Stock Exchange: 1735), and CFO, Secretary & Executive Director at
WeTrade Group, Inc (stock code: WETG).
Miss Lin graduated from the University of Hong Kong and majored in Industrial
Engineering and Logistics Management. From 2012 to 2016, she served as a supply
chain manager at Xiamen C&D Inc. (600153.SS: Shanghai Stock Exchange),
responsible for customizing trade financing solutions. From 2017 to present, She
is working as PE investment associate in Orient Asset Management (Hong Kong)
Limited, managing growth and Pre-IPO investments in China covering TMT,
healthcare, consumer and education sectors. In her current role, she is
responsible for industrial research, due diligence and post-investment
management activities. She has sourced, negotiated and managed multiple China
investments including Tencent Music (NYSE: TME), BlueCity (NASDAQ: BLCT), JD
Health (6618: Hong Kong) and We Doctor.
Chen Xiaoyi, age 28, is a graduate from Northwest University of Political
Science and Law, and majored in Finance and Tax Law in 2010. Since 2016, she has
been working as a full-time lawyer at Shaanxi Yongjiaxin Law Firm in Xi 'an,
China. She has rich experience in enterprise operation and management, risk
control and legal counsel, and has provided risk assessment and decision-making
demonstration services for many large enterprises in major projects. In 2020,
she was hired as the external tutor of PMACC in Xi 'an University of Posts and
Telecommunications, and was invited as the finance expert of CFA Chengdu
Association in the same year.
Each of Wei Fang, Kean Tat Che, Lin Shan and Xiaoyi Chen does not have a family
relationship with any director or executive officer of the Company, nor has not
been involved in any transaction with the Company during the past two years that
would require disclosure under Item 404(a) of Regulation S-K.
We have entered into an employment agreement with Wei Fang, our executive
director, Che Kean Tat, Lin Shan, and Xiaoyi Chen, our independent directors,
with effective from June 1, 2021 to June 1, 2023. The agreement may be
terminated by either party as permitted by law.
Under the terms of the agreements, Wei Fang is entitled to receive a monthly
salary of $5,000 with effective from June 1, 2021, plus one month's additional
salary by the end of each year.
Each of Che Kean Tat, Lin Shan, and Xiaoyi Chen are entitled to receive a
monthly salary of $2,000 with effective from June 1, 2021, plus one month's
additional salary by the end of each year. All of these are payable in the
equivalent amount of either in Hong Kong Dollars or Chinese Renminbi.
Item 9.01 Exhibits.
Exhibit No. Description
10.1 Service Contract between the Company and Wei Fang
10.2 Service Contract between the Company and Kean Tat Che
10.3 Service Contract between the Company and Lin Shan
10.4 Service Contract between the Company and Xiaoyi Chen
© Edgar Online, source Glimpses