Yummies, Inc. entered into and closed the transactions contemplated by a stock purchase agreement between the Company, Wei-Hsien Lin (the 'Purchaser'), and Susan Santage, the sole director, President, Treasurer, Secretary and controlling shareholder of the company. In connection with the closing of the stock purchase transaction, on August 29, 2018, Susan Santage, the sole officer and director of the company, submitted her resignation letter, pursuant to which she resigned from all offices of the company that she held effective as of the closing of the stock purchase transaction. Ms.
Santage also resigned from the board of directors of the Company effective automatically upon the conclusion of the 10-day period that will follow the date on which the Company's Schedule 14f-1 relating to the change in the membership of the Board is filed with the Securities and Exchange Commission and transmitted to the company's stockholders of record. The resignation of Ms. Santage was not in connection with any known disagreement with the company on any matter. On August 29, 2018, Mr. Wei-Hsien Lin was appointed to the board of the directors, effective as of August 29, 2018. Mr. Wei-Hsien Lin was also appointed as the President, Treasurer and Secretary of the Company. The Company and the newly appointed officer have not entered into any arrangement regarding the payment of compensation for acting as an officer or director of the Company.
Wei-Hsien Lin currently serves as the sole officer and director of the company. Mr. Lin also serves as the sole officer and director of Doers Education Asean Limited. Mr. Lin serves as the executive chairman and CEO of Doers Education Group in Taiwan.
YUMMIES, INC., through its wholly owned subsidiary, Yummies Knowledge Management Pte. Ltd., is in the business training and entrepreneurship education sector. The Company provides management consultancy services and the provision of corporate training programs and motivational courses in various areas of business management and entrepreneurship. It helps students learn about managing cash flow, raising capital, writing business plans, negotiations, organizational skills, business strategies and sales and marketing as well as soft skills soft skills, such as building effective winning teams. Business training and entrepreneurship education provides students with the skill sets, networking opportunities with other budding entrepreneurs and motivation to encourage entrepreneurial success in a variety of settings. The Company organizes and conducts Chinese language courses based either on third party programs or its own programs in China, Malaysia, Singapore, Taiwan, and Hong Kong.