Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 26, 2021, Ms. Yvonne Wang was removed as a Chairwoman and director of
the Company by the consent of the holders of a majority of the votes entitled to
be cast on the matter and the approval of the majority of the directors of the
Company. Immediately thereafter, the Board appointed Mr. Wade Li as a Chairman
and director of the Company to be effective immediately. There was not any
matter of dispute between the Company and Ms. Wang. The following is the
biography of Mr. Li:
Wade Li (60)
Mr. Wade Li was one of the founders of Kiwa Bio-Tech Products Group Corporation
in 1999. Previously, he was employed by the People's Insurance Company of China.
In 1989, he established Xinhua International Market Development Co., Ltd. and
served as its President, investing in a variety of growth industries companies
of high-tech, pharmaceutical, medical, real estate and related enterprises. He
has extensive experience in corporate operation. Over the past two decades, Mr.
Li has focused on China's ecological agriculture industry, and accumulated
significant experience in the field. He has also gained high recognition in the
market and related government departments in microbial fertilizer, as well as
the planning and promotion of green safe agricultural products.
© Edgar Online, source Glimpses
KIWA BIO-TECH PRODUCTS GROUP CORPORATION 
