Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers;
Resignation of Mr. Neng Chen
Mr. Neng Chen, the Chairman of the board of directors (the "Board") and the
Chief Executive Officer ("CEO") of Green Giant Inc., (the "Company"), resigned
from his positions as the CEO of the Company and Chairman of the Board,
effective on March 12, 2023. Mr. Neng Chen's resignation is not as a result of
any disagreement with the Company relating to its operations, policies or
practices.
Appointment of Mr. Yuhuai Luo
Effective March 13, 2023, the Board appointed Mr. Yuhuai Luo as the Chief
Executive Officer of the Company and Chairman of the Board, to fill the vacancy
created by the resignation of Mr. Neng Chen.
The biographical information of Mr. Yuhuai Luo is set forth below.
Mr. Yuhuai Luo, has served as the vice president of Guizhou Tobacco Company
since September 2016. From January 2009 to June 2016, Mr. Luo served as the vice
president of Huaxin Energy Subsidiary Company. From September 1989 to March
2008, Mr. Luo served as the director of Guizhou Tobacco Company (Guiyang
Branch). Mr. Luo obtained his bachelor's degree from China Guizhou Agricultural
University.
Mr. Yuhuai Luo does not have a family relationship with any director or
executive officer of the Company and 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.
Mr. Yuhuai Luo also entered into an employment agreement (the "Employment
Agreement") with the Company, which sets his annual compensation at $15,000 and
establishes other terms and conditions governing his service to the Company. The
Employment Agreement is qualified in its entirety by reference to the complete
text of the Employment Agreement, which is filed hereto as Exhibit 10.1.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits
10.1 Employment Agreement, dated March 13, 2023 by and between the Company
and Yuhuai Luo
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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