GWIN Glorywin Entertainment Group Inc (PK)

 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 2, 2015 (November 25, 2015)

Room 8, 20/F, AIA Tower, Nos 251A-301

_______________________________________________________
(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))

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On November 25, 2015, Mr. SOV Cheang Chhay announced his resignation as acting Chief Executive Officer to the Board of Directors (the “Board”) of Glorywin Entertainment Group Inc., a Nevada Corporation (the “Company”), effective on November 30, 2015. Mr. Sov did not resign for reasons involving a disagreement with the Company or its management, or because of any matter relating to the Company’s operations, policies, or practices. On December 1, 2015, the Board accepted Mr. Sov’s resignation and ratified former CEO Mr. Eng Wah Kung’s resignation. On the same day, the Board appointed Mr. Meng Hoa DUONG as the Chief Executive Officer to fill the vacancy created by the resignation of Mr. Sov and as an executive director to the Board.

Mr. Duong was an advisor and consultant to overseas investors for projects in Cambodia from March 2011 to November 2015. Between November 2004 and November 2015, Mr. Duong worked for several Cambodian companies. He served as chairman and shareholder of Chateau De Bavet Casino & Hotel from December 2008 to February 2011; as chairman and shareholder of Mekong Recreation Club from September 2006 to November 2008; and as general manager and shareholder of New World Casino & Hotel from November 2004 to August 2006. Between January 1994 and October 2004, Mr. Duong was the CEO and owner of New Cambodia Supermarket located in the United States. Mr. Duong served as an advisor to the Cambodian Senate President Chea Sim to help improve communications with overseas investors. He speaks five different languages and three Chinese dialects.

No family relationship exists between Mr. Duong and any directors or executive officers of the Company. In addition, there has been no transaction, nor is there any currently proposed transaction between Mr. Duong and the Company that would require disclosure under Item 404(a) of Regulation S-K.

On November 30, 2015, the Company entered into an Employment Agreement with Mr. Duong. The Employment Agreement is effective as of December 1, 2015. Under the terms of the Employment Agreement, the Company agreed to pay Mr. Duong a monthly fee of $3,000 as compensation for the services to be provided by him as the Chief Executive Officer. Mr. Duong may also be entitled to discretionary bonus. His employment will be on probation for a period of three months from December 1, 2015. Under the terms of the Employment Agreement, Mr. Duong agreed to keep the Company’s business secrets and information confidential from third parties. The Company is also entitled to the sole ownership an exclusive use of any invention or improvement made or discovered by Mr. Duong and of any copyright, design right, trademark or trade name created or used by Mr. Duong during his employment with the Company.

The foregoing summary of the material terms and conditions of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement attached to this report as Exhibit 10.1.

Item 9.01.     Financial Statements and Exhibits.

(d)     Exhibits

SIGNATURES

Pursuant to the requirements of the Securities and 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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EXHIBIT INDEX

Exhibit 10.1

GLORYWIN ENTERTAINMENT GROUP INC.

 (incorporated in Nevada)

Room 8, 20/F, AIA Tower,Nos 251A-301, Avenida Commercial de Macau, Macau

November 25, 2015

Mr. Meng Hoa DUONG

68X, Route 265, Sangkat Theklok 3,

Khan Toulkot, Phnom Penh,

Kingdom of Cambodia.

Dear Mr. DUONG,

This letter serves to confirm your employment by GLORYWIN ENTERTAINMENT GROUP INC (hereafter referred as “the Company”) on the following terms and conditions:

You are employed as Chief Executive Officer and Executive Director of the Company. Your responsibilities in this position will include managing the day to day operations of the Company and you will report to the Board. You agree to the best of your ability and experience that you will at all times loyally and conscientiously perform all of the duties and obligations required of and from the Company.

Your employment commenced with effect from December 1, 2015.

Your salary will be USD3,000.00 per month.

The quantum of annual increments and the quantum thereof shall be at the sole discretion of the Company.

You may be eligible for discretionary bonus. Such bonus may be granted at the sole discretion of the Company and subject to the terms of the bonus plan that the Company may adopt from time to time.

Your employment will be on probation for a period of three months from the date of commencement of your employment. During your probationary period, your contract of employment may be terminated:-

a)	by either party at any time during the first month of your probationary period by giving to the other party written notice of not less than seven days.

b)	by either party at any time during the second month onwards of your probationary period by giving to the other party written notice of not less one month.

Subject to the By-laws of the Company, your employment may be terminated by either party by giving to the other party two months’ notice in writing or payment in lieu thereof.

Mondays to Fridays – 8.00 a.m. to 6:00 p.m.

You are entitled to 18 days annual leave.

You undertake not to reveal or disclose to any person any business secrets or information of the Company or any other companies within the Group of the Company both during and after your employment with the Company.

The Company shall be entitled free of charge to the sole ownership and exclusive use of any invention or improvement made or discovered by you and of any copyright, design right, trade mark or trade name created or used by you in the course of or for the purpose of providing service to the Company.

We welcome you as a member of our board and hope that your relationship with us will be long and mutually beneficial.  If you have further queries, please do not hesitate to let us know.

If you agree to the above terms and conditions, please sign and return to us the duplicate of this letter.

Yours sincerely,

For and on behalf of

GLORYWIN ENTERTAINMENT GROUP INC.

/s/ Wenwei WU

_________________________

Wenwei WU

Chairman

Confirmed and accepted by:

/s/ Meng Hoa DUONG

_________________________

Meng Hoa DUONG

Cambodia ID: 010487771

Date: November 30, 2015

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