Current Report Filing (8-k)

Date : 01/23/2019 @ 5:08PM
Source : Edgar (US Regulatory)
Stock : Takung Art Co Ltd (TKAT)
Quote : 0.59  0.0 (0.00%) @ 8:59AM

Current Report Filing (8-k)





Washington, D.C. 20549










Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 23, 2019 (January 17, 2019)




(Exact name of registrant as specified in its charter)



Delaware   001-38036   26-4731758

(State or other jurisdiction

of incorporation)




File Number)



(IRS Employer

Identification No.)



Flat/RM 03-04 20/F Hutchison House

10 Harcourt Road, Central Hong Kong

(Address of Principal Executive Offices)


Registrant’s telephone number: +852 3158 0977



(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):


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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   ¨


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.   ¨








Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On January 17, 2019, one of the directors of Takung Art Co., Ltd (the “Company”), Mr. Ming Cheng entered into an employment agreement (the “Agreement”) with the Company’s PRC subsidiary, Takung Cultural Development (Tianjin) Co., Ltd to assume the position of Vice President.


The Agreement provides, inter alia , for an initial probation period of 2 months from January 17, 2019 and describes Mr. Cheng’s duties as project management and assisting in other ad hoc duties as assigned. Mr. Cheng shall be paid a monthly salary of RMB 30,000 (approximately US$4,440). Mr. Cheng’s employment was approved by the Company’s Compensation Committee and ratified by the Company’s board of directors on January 16, 2019.


The foregoing description of the Agreement is qualified in its entirety by reference to the text of the Agreement, a copy of which is filed herewith as Exhibit 10.1, and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits.


(d) Exhibits.


Exhibit 10.1 Employment Agreement between Mr. Ming Cheng and Takung Cultural Development (Tianjin) Co., Ltd dated January 17, 2019.








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.


    Takung Art Co., Ltd
Date:  January 23, 2019    

/s/ Chun Hin Leslie Chow 

    Name: Chun Hin Leslie Chow
    Title: Acting Chief Executive Officer






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