UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14f-1
INFORMATION STATEMENT
PURSUANT TO SECTION 14(F) OF THE
SECURITIES EXCHANGE ACT OF 1934
AND RULE 14F-1 THEREUNDER
CHUN CAN CAPITAL GROUP
____________________________________
(Name of Registrant)
____________________________________
| |
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Nevada |
|
333-100046 |
|
52-2360156 |
|
(State of Incorporation) |
|
(Commission File No.) |
|
(IRS Employer Identification
Number) |
|
Grosvenor Business Tower
Sheikh Zayed Road
Barsha Heights
9th Floor
Office 901
PO Box 410550
Dubai
|
|
United Arab Emirates |
______________________________________________
(Address of Principal Executive Offices)
917-56120-9999
_________________________________________
(Registrant's Telephone Number, Including Area Code)
CHUN CAN CAPITAL GROUP
|
Grosvenor Business Tower
Sheikh Zayed Road
Barsha Heights
9th Floor
Office 901
PO Box 410550
Dubai
|
|
United Arab Emirates |
INFORMATION STATEMENT PURSUANT TO SECTION 14(F) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND
RULE 14f-1 THEREUNDER
Notice of Change in the Majority of the Board of
Directors
INTRODUCTION
The information contained in this Information Statement is being
furnished to all holders of record of common stock of Chun Can
Capital Group. (the "Company" or "CCCG") at the close of business
on April 15, 2020 in accordance with the requirements of Section
14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 under
that Act in order to effect a change in majority control of the
Company's Board of Directors other than by a meeting of
stockholders. This Information Statement is being distributed on or
about September 1, 2020.
NO VOTE OR OTHER ACTION BY THE COMPANY'S STOCKHOLDERS IS
REQUIRED IN RESPONSE TO THIS INFORMATION STATEMENT. PROXIES ARE NOT
BEING SOLICITED AND YOU ARE REQUESTED NOT TO SEND THE COMPANY A
PROXY.
On or about August 10, 2020 in a private transaction, the control
block of the Company’s shares were transferred to a new majority
owner. The new owners have determined to reconstitute the
Board of Directors and the executive officers. This
Information Statement contains information about persons who will
serve as officers of the Company or as Directors on the Board of
Directors.
THE CHANGE IN THE COMPOSITION OF THE BOARD OF DIRECTORS
DISCLOSED IN THIS SCHEDULE 14f-1 FILING WILL RESULT IN A CHANGE IN
CONTROL OF THE BOARD OF DIRECTORS OF THE COMPANY.
No action is required by the shareholders of the Company in
connection with the election or appointment of the new directors.
However, Section 14(f) of the Securities Act of 1934, as amended,
requires the mailing to the Company's shareholders of this
Information Statement not less than ten days prior to the change in
a majority of the Company's directors if said change occurs without
a meeting of the Company's shareholders.
VOTING SECURITIES AND PRINCIPAL SHAREHOLDERS THEREOF
As of the date of this Information Statement, the authorized
capital stock of the Company consisted of 270,000,000 shares of
common stock, par value $.001 per share, of which approximately
220,033,011 shares are issued and outstanding and 30,000,000 shares
of preferred stock of $.001 par value, of which no shares are
issued and outstanding. Each share of common stock is entitled to
one vote with respect to all matters to be acted on by the
stockholders.
Transaction
On August 11, 2020 the control block of the Company’s common stock
was transferred in a private transaction to new owners. As a
result of this transaction, the new shareholders acquired
approximately 98% of the voting rights and the capital stock of the
Company.
Directors and Executive Officers
The following table includes the names and positions held of our
executive officers and directors who served during the years ended
December 31, 2018 and/or December 31, 2019 and their current
ages:
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NAME |
|
AGE |
|
POSITION |
|
DIRECTOR SINCE |
|
| |
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|
|
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|
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Clara I. Gomez |
|
25 |
|
President, Chief Financial
Officer, Secretary and Director |
|
2019 |
|
|
|
Dave Kyung Han |
|
50 |
|
Former President, Chief Executive
Officer and Director |
|
2009 |
|
|
|
Joo Chan Lee |
|
47 |
|
Former Chief Financial
Officer |
|
2009 |
|
|
|
Kwang Hee Lee |
|
45 |
|
Former Director |
|
2009 |
|
|
|
Jung Ho Kim |
|
41 |
|
Former Director |
|
2009 |
|
|
|
Gye Heun Kwak |
|
62 |
|
Former Director |
|
2009 |
|
|
| |
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|
Clara I. Gomez President, Chief Financial Officer, Secretary
and Director has a degree in Business Administration and Accounting
from the Univeridad Abierta Para Auditos (UAPA) Santo Domingo.
Dave Kyung Han, President, Chief Executive Officer and
Director - Mr. Han has been President, Chief Executive Officer and
Director of CinTel Korea since February 2009.Since 2004 Mr. Han has
served as the CEO of Hitrax, Inc., a RFID solution provider company
based in Seoul, Korea since 2004. From 2002 through 2004, Mr. Han
served as the CEO of Matek, Inc. an IT business development company
based in Seoul, Korea. Mr. Han has served as an
independent consultant in IT project management for government and
commercial customers. Mr. Han has also served as Senior Systems
Analyst for the US House of Representatives Committee on House
Administration and Senior Systems Engineer at Wang Laboratories.
Mr. Han received a BSEE degree from Capital Institute of
Technology. The Board of Directors believes that Mr. Han is
qualified to serve as a member of the Company’s Board of Directors
because of his business background in particular his experience as
a CEO of Hitrax.
Joo Chan Lee, Chief Financial Officer- Mr. Kang has been our
Chief Financial Officer since February 2009. From 2003 through
2008, Mr. Lee served as Vice President of Hitrax Inc., a RFID
solution provider based in Seoul, Korea. From 2001 through 2003,
Mr. Lee served as CEO of Seoul Press Co. Ltd., a press machine
manufacturing company based in Seoul, Korea. Mr. Lee also served as
CFO of Seoul Data Telecommunication Co. Ltd. and J&J Co. Ltd.
Mr. Lee received a B.A in Economics from Sogang University, Seoul
Korea. The Board of Directors believes that Mr. Lee is qualified to
serve as a member of the Company’s Board of Directors because of
the experience he has garnered as an executive of other similarly
situated companies.
Kwang Hee Lee, Director - Mr. Lee has served as one of our
directors since July 2006. Mr. Lee also served as our President and
Chief Executive Officer from June 2008 to February 2009 Mr. Lee is
the Team Head of the Life Science Investment Team of KTB Network
Corp. Me. Lee has served in this capacity since 1994. Mr. Lee
graduated from the Sogang University in 1993 with a major in
Business Administration. Mr. Lee also holds a MA in Finance from
the Sogang University.
Jung Ho Kim, Director - Mr Kim has served as one of our
directors since 2006. Mr Lee is a member of Woori PEF and has
served in this capacity since 2006. Mr Kim graduated from Yeonsei
University in 1995 with a major in Business Administration. He is a
certified public accountant in Korea. The Board of Directors
believe that Mr. Kim is qualified to serve as a director of the
Company because of his business background as a member of
WooriPEF.
Gye Heun Kwak, Director- Mr. Kwak
currently serves as CEO of Q&H Co., Ltd., an energy development
company based in Seoul, Korea and has served in such capacity since
2005. Mr. Kwak also served as CEO of Carpark Co. Ltd., a human
resources management company based in Seoul, Korea from 1991
through 2007 and as CEO of P&G Korea Distributor a distribution
company based in Seoul, Korea from 1986 through 2007. From 1981
through 1986 Mr. Kwak served in various capacities with Tri-Star
Co. Ltd. a distribution business based in Seoul, Korea. Mr. Kwak
also served as manager of Daenong Co. Ltd.; a construction company
based in Seoul Korea. Mr. Kwak holds a Bachelor of Science in
sports science from Wonkwang University and completed an
Advanced Management Program at Yonsei University. The Board of
Directors believes that Mr. Kwak is qualified to serve as a
director of the Company based upon his educational background and
his experiences as an executive of other companies similarly
situated as the Company.
APPOINTMENTS TO THE BOARD OF DIRECTORS
| |
|
|
|
Name |
Age |
Position(s) |
|
H.E. Dr. Fahed Merhebi
Zoli Macanda-Simbodyal
|
37
49
|
Chairman of the Board
Chief Executive Officer
|
|
James
Mufara |
46 |
Chief Operating Officer |
BIOGRAPHY
The following sets forth biographical information regarding the
Company’s proposed officers and directors following the completion
of the Transaction:
Chairman – H.E. Dr. Fahed Merhebi
H.E Dr. Fahed Merhebi was born in Kuwait in 1983 from Lebanon
origin and an aristocracy family class in Lebanon who have been
there since 1714. He graduated with a PhD in finance and
international law. He is experienced in banking and finance in UEA,
where he has carried several titles, including the Prince of
Finance. Dr. Merhebi was chosen by Arab News as the most
influential figure for the year 2016.
From February 2006 to present, Dr. Merhebi has acted as chairman of
Zurich Capital Funds, an international holding company with
businesses across various sectors such as Finance, Real Estate,
Renewable Energy, Modern Agriculture and, Telecommunication, LED
and General Trading.
From
January 2014 to present, Dr. Fahed Merhebi has served as Ambassador
At-Large. (Institutional Development) - MENA-GCC- & Eastern
Europe of IIMSAM, an Intergovernmental Institution for the Use of
Micro-Algae Spirulina Against Malnutrition the Intergovernmental
Observer to the United Nations Economic and Social Council Under
ECOSOC , registered under United Nations Treaty Series No.
37542-37543, dated 12th June 2001; in accordance with the Article
102 of the Charter of
the United Nations.
From 2016 to present, Dr. Fahed Merhebi has served as Ambassador
Deputy Secretary General. (Institutional Development) - MENA-GCC-
& Eastern Europe of IIMSAM, an Intergovernmental Institution
for the Use of
Micro-Algae Spirulina Against Malnutrition the Intergovernmental
Observer to the United Nations Economic and Social Council Under
ECOSOC , registered under United Nations Treaty Series No. 37542-37543, dated June 12,
2001; in accordance with the Article 102 of the Charter
of the United
Nations.
Dr. Fahed Merhebi previously served as Deputy President of the Arab
African Council for Integration and Development (AKF-FOS AACID UN
DESA CSO).
Dr. Fahed Merhebi has served as Ambassador At-Large &.
Deputy-Director General of (SEAPI) Sustainable Energy Alternatives
Project Initiative IIMSAM, UN registered under United Nations
Treaty Series No.
37542-37543, dated 12th June 2001; in accordance with the Article
102 of the Charter of
the United Nations.
Dr.
Fahed Merhebi was appointed as DSG (ICAFE) to the Intergovernmental
Collaborative Action Fund for Excellence.
Dr. Fahed Merhebi served as special Envoy and board director
adviser for World Association of Former United Nations Internes and
Fellows (WAFUNIF).
Dr. Fahed Merhebi was appointed as Deputy Secretary -General for
the council and president for Lebanon office for the ECONOMIC
COUNCIL FOR MUSLIMS COUNTRIES (ECMCC).
Dr. Fahed Merhebi acted
as President for Lebanon office Board member Arab Union for
Real Estate Development.
Dr. Fahed Merhebi is President for the Lebanon office of Arab African
for development and real Estate Investment Organization.
Dr. Fahed Merhebi is a board member of the Council of Arab
International Enterprise Manager.
Dr. Fahed Merhebi received an honorary doctorate from London
college on the Corse of (human is inside us).
Dr. Fahed Merhebi received an honorary doctorate from the police of
united Arab emirates Dubai on the Corse of we are all police and he
received the medal of
excellence from Dubai airport police and he received several medals
and certificates from various initiatives and activities
humanitarian and social activities and appreciation of the efforts
made in the service of the community and its humanitarian work.
Dr. Fahed Merhebi received an honorary doctorate from the royal
family of UAE, Sheikh Nayan Bin Mohammed Al Nahyan the voluntary
Human, initiative.
Dr. Fahed Merhebi was chosen as the most influential Arab figure in
the Arab world and he
was ranked number Eight out of 20, of total 100. The selection was
made by academics and
experts from Harvard university, Georgetown University and George
Washington, commissioned by the world association of former United
Nations interns and fellows, the influential Arab figures in
politics, finance and economics and social.
Dr. Fahed Merhebi was awarded an honorary doctorate from
UAE, RAK Authorities
Investment Committee.
Dr. Fahed was Listed and awarded in Business magazine's LA RED
media group most influential in Latin America Argentina Award as
The Arab Prince of Finance.
Dr. Fahed Al Merhebi was appointed as a Goodwill Ambassador of the
Intergovernmental Institution for the use of Micro-algae Spirulina
Against Malnutrition, IIMSAM, to help the organization realize a
world free of
malnutrition and hunger, and in support of the United Nations
Millennium Development Goals.
In 2016, Dr. Fahed Merhebi was appointed as Deputy Secretary
General for the council and president for Lebanon as he is ECONOMIC COUNCIL OF MUSLIM
COUNTRIES (ECMC) is an NGO (non-governmental organization) working
actively to promote trade between the member states, doing so to
defend economic interest at a regional, national and international
level.
Chief Executive Officer -- Zoli
Macanda-Simbodyal,
Ms. Zoli Macanda-Simbodyal, age 49,
is a Chartered Accountant, B Com. Hons. (Univ. of Cape Town). She
also received the following degrees: MSc Finance (University of
Wales), CA(SA), ACA (England & Wales).
Ms. Macanda-Simbodyal holds several directorships in portfolio of
companies in South Africa and London. She is a financial advisor
with project management experience with the following
companies:
Pricewaterhouse Coopers, Chartered Accountants & Auditors.
NM Rothschild Investment Bank in London, New York and South
Africa.
Her experience includes several corporate finance advisories,
including privatization, Initial Public Offering (IPO’s), mergers
and acquisitions, divestitures including management buy-out and
project management transactions.
Ms. Macanda-Simbodyal worked for a time as a Finance Director at
MTN/ Orbicom, assisting the Group in advancing their African
operation projects in telecommunications. She founded Bele
Holdings, which capitalizes on commercial opportunities. She is a
Director, Chief Financial Officer and Chairman of Bele Holdings
(Pty) Limited located in South Africa. In January, 2012, Ms.
Macanda-Simbodyal was appointed a non-executive Director and
Chairperson of the audit committee of Ubank Limited and Ubank
Controlling Company Limited, representing the South African Chamber
of Mines.
James Mufara -- Chief Operating Officer, South
Africa.
James Mufara, age 46, a Zimbabwean national, received an MBA in
Business Administration in 2013 and a BS in Engineering in 1999. He
is an experienced mining professional, having operated in various
roles in Africa. From November 2018 to Present, Mr. Mufara served
at Samancor Chrome, Johannesburg, South Africa as their Chief
Operations Director. Prior to his role was Head of Mining.
Samancor Chrome’s core business is the mining and smelting of
chrome ore. With an annual capacity of some 1.8 million tons of
ferrochrome and chromite ore, Samancor Chrome is the largest chrome
mining and second largest producer of ferrochrome in the world.
Mr. Mufara also worked for Konkola Copper Mines (KCM), Zambia as
Technical Director. Mr. Mufara spent 6 years at Harmony Gold
Mining, South Africa, which is the third largest producer of gold
in South Africa and operates mines in South Africa and Papua New
Guinea (PNG). The company had a market capitalisation of R22.9
billion (US$1.6 billion) on 30 June 2016 and it has about 30,441
employees (including contractors) in South Africa. From November
2011 to May 2012, Mr. Mufara worked for Tshepong Mine, South Africa
as General Manager.
From 2006 – 2011, Mr. Mufara worked for Goldfields, South Africa in
varying roles including Operations Manager. Goldfields is the ninth
largest gold producing company in the world, second largest in
South Africa. The company has a market capitalisation of R99.13
billion (US$7.51billion) as of December 2016 and employs about
49,715 employees (including contractors) around the world.
Mr. Mufara served 7 years with Anglo American Corporation, from
1999 – 2006. Anglo American has a global and diversified mining
business, using the latest technologies to find new resources, plan
and build mines, and mine, process, move and market products to
customers around the world.
Committees: Meetings of the Board
The Company does not have a separate Compensation Committee, Audit
Committee or Nominating Committee or any other committees of the
Board of Directors. These functions are done by the Board of
Directors meeting as a whole. The Company’s Board of
Directors held meetings during the fiscal year ended December 31,
2019. Zero meetings were in person and 4 meetings were conducted by
telephone. All corporate actions by the Board of Directors were
either consented to in writing by all Directors or were agreed to
unanimously at a meeting where proper notice had been given and a
quorum was present.
Audit Committee
The Board of Directors have not established an audit committee. The
functions of the audit committee are currently performed by the
entire Board of Directors. The Company is under no legal obligation
to establish an audit committee and has elected not to do so at
this time so as to avoid the time and expense of identifying
independent directors willing to serve on the audit committee. The
Company may establish an audit committee in the future if the Board
determines it to be advisable or we are otherwise required to do so
by applicable law, rule, or regulation.
As the Board of Directors does not have an audit committee, it
therefore has no “audit committee financial expert” within the
meaning of Item 401(e) of Regulation S-X. In general, an
“audit committee financial expert” is an individual member of the
audit committee who:
| |
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| ● |
understands generally accepted accounting
principles and financial statements, |
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| ● |
is
able to assess the general application of such principles in
connection with accounting for estimates, accruals and
reserves, |
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| ● |
has
experience preparing, auditing, analyzing, or evaluating financial
statements comparable to the breadth and complexity to our
financial statements, |
| |
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| ● |
understands internal controls over financial
reporting, and |
| |
|
| ● |
understands audit committee
functions. |
Board of Directors Independence
The Company has no independent directors within the meaning of
definitions established by the Securities and Exchange Commission
or applicable self-regulatory organization. The Company is
not currently subject to any law, rule or regulation requiring that
all or any portion of its board of directors include “independent”
directors.
Director Nominees
The Company does not have a nominating committee. The Board of
Directors, sitting as a board, selects those individuals to stand
for election as members of our board. Since the Board of Directors
does not include a majority of independent directors, the decision
of the Board as to director nominees is made by persons who have an
interest in the outcome of the determination. The Board will
consider candidates for directors proposed by security holders,
although no formal procedures for submitting candidates have been
adopted. Until otherwise determined, not less than 90 days prior to
the next annual Board of Directors’ meeting at which the slate of
Board nominees is adopted, the Board accepts written submissions
that include the name, address and telephone number of the proposed
nominee, along with a brief statement of the candidate’s
qualifications to serve as a director and a statement of why the
shareholder submitting the name of the proposed nominee believes
that the nomination would be in the best interests of shareholders.
If the proposed nominee is not the security holder submitting the
name of the candidate, a letter from the candidate agreeing to the
submission of his or her name for consideration should be provided
at the time of submission. The letter should be accompanied by a
resume supporting the nominee’s qualifications to serve on the
Board of Directors, as well as a list of references.
The Board identifies director nominees through a combination of
referrals, including by management, existing board members and
security holders, where warranted. Once a candidate has been
identified, the Board reviews the individual’s experience and
background and may discuss the proposed nominee with the source of
the recommendation. If the Board believes it to be appropriate,
board members may meet with the proposed nominee before making a
final determination whether to include the proposed nominee as a
member of management’s slate of director nominees submitted to
shareholders for election to the board.
Among the factors that the Board considers when evaluating proposed
nominees are their knowledge of and experience in business matters,
finance, capital markets and mergers and acquisitions. The Board
may request additional information from the candidate prior to
reaching a determination. The Board is under no obligation to
formally respond to all recommendations, although as a matter of
practice, it will endeavor to do so.
Code of Ethics
Under the Sarbanes-Oxley Act of 2002 and the Securities and
Exchange Commission’s related rules, the Company is required to
disclose whether it has adopted a code of ethics that applies to
the Company’s principal executive officer, principal financial
officer, principal accounting officer or controller or persons
performing similar functions. The Company has not adopted a code of
ethics that applies to its chief executive officer, chief financial
officer or other officers, legal counsel or to any person
performing similar functions. The Company plans to adopt a code of
conduct in the near future.
RELATED PARTIES
There is no family relationship between any Director, executive or
person nominated or chosen by the Company to become a Director or
executive officer.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT
The following tables set forth information as of August 25, 2020
regarding the beneficial ownership of our common stock each
stockholder who is known by the Company to own beneficially in
excess of 5% of our outstanding common stock; each director
known to hold common or preferred stock; the Company's chief
executive officer; and the executive officers and directors as
a group. Except as otherwise indicated, all persons listed below
have (i) sole voting power and investment power with respect to
their shares of stock, except to the extent that authority is
shared by spouses under applicable law, and (ii) record and
beneficial ownership with respect to their shares of stock.
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NUMBER OF
SHARES |
|
PERCENT OF
SHARES |
| NAME AND ADDRESS OF |
|
TITLE |
|
BENEFICIALLY |
|
BENEFICIALLY |
|
BENEFICIAL OWNER |
|
OF CLASS |
|
OWNED |
|
OWNED |
|
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|
Zurich Capital Funds Holdings Inc
H.E. Dr. Fahed Al Merhebi
Marina Business Tower
10th
Floor
Dubai
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United Arab Emirates |
|
|
Common |
|
|
|
0 |
|
|
|
52% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All Directors and officers as a group
(1 member) |
|
|
Common |
|
|
|
0 |
|
|
|
52% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
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|
|
|
|
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|
|
|
SUMMARY COMPENSATION TABLE
The
following tables set forth certain information about compensation
paid, earned or accrued for services by our President, Treasurer
and Secretary (collectively, the “Named Executive Officer”) for the
periods ending July 31, 2018 and December 31, 2019:
None.
|
Name |
|
Salary |
|
Position |
|
|
|
|
|
|
|
|
|
|
|
|
Clara I. Gomez |
|
$ |
0 |
|
|
|
President, Chief Financial Officer,
Secretary |
|
|
|
Dave Kyung Han |
|
$ |
0 |
|
|
|
Former President, Chief Executive
Officer and Director |
|
|
|
Joo Chan Lee |
|
$ |
0 |
|
|
|
Former Chief Financial
Officer |
|
|
|
Kwang Hee Lee |
|
$ |
0 |
|
|
|
Former Director |
|
|
|
Jung Ho Kim |
|
$ |
0 |
|
|
|
Former Director |
|
|
|
Gye Heun Kwak |
|
$ |
0 |
|
|
|
Former Director |
|
|
SUMMARY COMPENSATION TABLE‡
|
Name and Principal
Position |
Fiscal
Year
|
|
Salary
($)
|
|
Bonus
($)
|
|
Stock
Awards
($)
|
|
Option
Awards
($)
|
|
Nonequity
Incentive
Plan
Compen-
sation ($)
|
|
Non-
Qualified
Deferred
Compen-
sation
Earnings
($)
|
|
All
Other
Compen-
sation
($)
|
|
Total
($)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Clara I. Gomez |
2019 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
Chief Executive & Chief Financial
Officer and Director |
2018 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dave Kyung Han |
2019 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
|
former President, Chief
Executive Officer and Director |
2018 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Joo
Chan Lee |
2019 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
| Former Director |
2018 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
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|
| Kwang Lee |
2019 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
|
Former Director |
2018 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
| |
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| Jung
Ho Kim |
2019 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
|
Former Director |
2018 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
| |
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|
| Gye
Heun Kwak |
2019 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
| Former Director |
2018 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
0 |
|
$ |
|
|
$ |
0 |
|
$ |
0 |
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EMPLOYMENT CONTRACTS AND TERMINATION OF EMPLOYMENT AND
CHANGE-IN-CONTROL ARRANGEMENTS
None
Directors Compensation
No director received compensation for services rendered in any
capacity to us during the fiscal years ended December 31, 2018 and
December 31, 2019.
Indemnification of Directors and Officers
Our Articles of Incorporation, as amended and restated, and our
Bylaws provide for mandatory indemnification of our officers and
directors, except where such person has been adjudicated liable by
reason of his negligence or willful misconduct toward the Company
or such other corporation in the performance of his duties as such
officer or director. Our Bylaws also authorize the purchase of
director and officer liability insurance to insure them against any
liability asserted against or incurred by such person in that
capacity or arising from such person's status as a director,
officer, employee, fiduciary, or agent, whether or not the
corporation would have the power to indemnify such person under the
applicable law.
Compensation Committee Interlocks and Insider
Participation
We have not established a compensation committee. We are not
currently subject to any law, rule or regulation requiring that we
establish a compensation committee.
COMMITTEES OF THE COMPANY'S BOARD OF DIRECTORS
Board Leadership Structure and Role in Risk Oversight
Our Board of Directors is primarily responsible for overseeing our
risk management processes. The Board of Directors receives and
reviews periodic reports from management, auditors, legal counsel,
and others, as considered appropriate regarding our Company’s
assessment of risks. The Board of Directors focuses on the
most significant risks facing our Company and our Company’s general
risk management strategy, and also ensures that risks undertaken by
our Company are consistent with the Board’s tolerance for risk.
While the Board oversees our Company, our Company’s
management is responsible for day-to-day risk management processes.
We believe this structure is the most effective approach for
addressing the risks facing our Company and that our Board
leadership structure supports this approach.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Except for the ownership of the Company's securities, none of the
directors, executive officers, proposed directors, holders of more
than five percent of the Company's outstanding voting Shares, or
any member of the immediate family of such person, have, to the
knowledge of the Company, had a material interest, direct or
indirect, during the Company’s current fiscal year in any
transaction or proposed transaction which may materially affect the
Company.
No executive officer, present director, proposed director or any
member of these individuals' immediate families, any corporation or
organization with whom any of these individuals is an affiliate or
any trust or estate in which any of these individuals serve as a
trustee or in a similar capacity has been indebted to the Company
at any time since the beginning of the Company's fiscal year.
LEGAL PROCEEDINGS
The Company is not aware of any legal proceedings in which any
director, nominee, officer or affiliate of the Company, any owner
of record or beneficially of more than five percent of any class of
voting securities of the Company, or any associate of any such
director, nominee, officer, affiliate of the Company, or security
holder is a party adverse to the Company or any of its subsidiaries
or has a material interest adverse to the Company or any of its
subsidiaries.
NO DISSENTERS RIGHTS
Under the Nevada Revised Statutes shareholders are not entitled to
dissenters’ rights with respect to the transactions described in
this information statement.
WHERE YOU CAN FIND ADDITIONAL INFORMATION
The Company is subject to the information and reporting
requirements of the Securities Exchange Act of 1934 and, in
accordance with that act, files periodic reports, documents and
other information with the SEC relating to its business, financial
statements and other matters. These reports and other information
may be inspected and are available for copying at the offices of
the SEC, 100 F Street, N.E., Washington, D.C. 20549 and are
available on the SEC's website at www.sec.gov.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Information Statement to
be signed on its behalf by the undersigned hereunto duly
authorized.
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CHUN
CAN CAPITAL GROUP |
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| September 1, 2020 |
By: /s/ Clara I Gomes
Clara I. Gomez, President
|
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