Current Report Filing (8-k)
December 07 2018 - 3:50PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)
December 7, 2018 (December 3, 2018)
ORANCO, INC.
(Exact name of registrant as specified
in its charter)
Nevada
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000-28181
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87-0574491
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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One Liberty Plaza, Suite 2310 PMB# 21,
New York, NY 10006
(Address of principal executive offices,
including zip code)
(646) 7593614
(Registrant’s telephone number,
including area code)
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
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Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 3, 2018, Ronald Zhang notified Oranco, Inc. (the
“Company” or “ORNC”) of his resignation from the Company as the Chief Financial Officer (“CFO”),
effective immediately. The Board of Director of the Company (the “Board”) has accepted Mr. Zhang’s resignation
on December 3, 2018. Mr. Zhang’s resignation as CFO is due to personal reason, and not due to any disagreement with the Company
on any matter related to the Company’s operations, policies or practices.
Following Mr. Zhang’s departure as CFO,
the Board appointed Mr. Patrick Wang as CFO effective as of December 3, 2018. Mr. Wang has over 12 years of financial and leadership
experience at the managerial level.
Mr. Wang has served as the CFO of Amax International
Holdings Limited from October 2012 to present. From January 2007 to July 2012, Mr. Wang served as the Senior Manager of Crowe CPA
Group. From January 2006 to December 2006, Mr. Wang served as the Head of Internal Audit Department of Intac International Company.
Mr. Wang is a fellow of Institute of Chartered Accountants in England & Wales and is a Certified Information Systems Auditor
of Information Systems Audit and Control Association. He received his Bachelor of Accountancy with honors from Hong Kong Polytechnic
University. He received his Master of Management from Macquarie Graduate School of Management.
The Company and Mr. Wang entered into an employment
agreement on December 3, 2018 (the “Wang Employment Agreement“) in connection with his appointment as CFO. Pursuant
to the Wang Employment Agreement, Mr. Wang will receive a monthly base salary of HKD 60,000.
Mr. Wang does not have any family relationship
with any other director or executive officer of the Company. There have been no related party transactions between the Company
and Mr. Wang reportable under Item 404(a) of Regulation S-K.
The foregoing description of Mr. Wang’s
compensation and the terms and conditions of his employment is qualified in their entirety by the complete text of the Wang Employment
Agreement, which is filed as hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
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SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ORANCO, INC.
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Date: December 7, 2018
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/s/ Peng Yang
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Peng Yang
President, Secretary and Director
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