On September 27, 2023, Mr. Xiaoliang Liang resigned as Independent Director, Chair of the Nominating and Corporate Governance Committee and all other committee positions of the board of directors of Roan Holdings Group Co, Ltd. (the "Company") due to personal reasons, effective September 27, 2023. Mr. Liang's decision to resign was not the result of any disagreement with the Company, any matter related to the Company's operations, policies or practices, the Company's management, or the Company's board of directors (the "Board").
The Company's Nominating and Corporate Governance Committee recommended Mr. Michael Fowler, age 63, to serve as Independent Director and Chair of the Nominating and Corporate Governance Committee of the Board, and the Board approved Mr. Fowler's election on September 27, 2023. Mr. Fowler has decades of experience in international relations and cross-border business transactions, with education from the United States Military Academy at West Point, the University of Hawaii, and the Sophia University Graduate School. Mr. Fowler has extensive experience with small to medium-sized enterprises operating in the Asian market and has been involved in a wide variety of industry groups, including his role as Executive Director of the World Trade Center Tacoma.
In accordance with the terms of Mr. Fowler's employment agreement with the Company entered into on September 27, 2023, Mr. Fowler will receive an annual base salary of USD $25,000, USD $15,000 of which will be paid in cash and USD $10,000 of which will be paid through the issuance of the Company's ordinary shares. The employment agreement terminates if (i) Mr. Fowler is removed from the Board in accordance with the Company's charter documents and applicable law; (ii) Mr. Fowler resigns from the Board upon written notice to the Board; (iii) the Company terminates the employment agreement if certain requirements are not satisfied; or (iv) Mr. Fowler is not re-elected to the Board at the Company's annual shareholder meeting.
There are no family relationships between Mr. Fowler and any director or executive officer of the Company. There are no related party transactions between the Company and Mr. Fowler disclosable under Item 404 of Regulation S-K.
Roan Holdings Group Co. Ltd. published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 15:14:09 UTC.
Roan Holdings Group Co., Ltd., formerly China Lending Corporation, is engaged in providing loan facilities to micro, small and medium sized enterprises (MSMEs), and proprietors in the Xinjiang Uyghur Autonomous Region (Xinjiang Province) of the Peopleâs Republic of China. The Company offers loans to industries, including commerce, service, supply chain finance, manufacturing, real estate, mineral and energy, and others. Its subsidiaries include Adrie Global Holdings Limited (Adrie), Feng Hui Ding Xin (Beijing) Financial Consulting Co., Limited (Consulting) and Xinjian Feng Hui Jing Kai Direct Lending Limited (XWFOE). Adrie is a holding company that has no operations and no assets, and has ownership in Feng Hui Financial Group. Consulting is engaged in the business of providing risk management-related financial consulting services to third-party direct lending companies in China. XWFOE is focused on providing direct loans to MSMEs and proprietors in Xinjiang Province.
ROAN HOLDINGS GROUP CO., LTD. 
