Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On April 11, 2019 Mr. Riggs Cheung submitted to the Board his resignation as director, Chief Executive Officer, President, Treasurer and Secretary of the Company. At the same time, the Board appointed Ms. Yaya Zhang, a member of Board of Directors, as Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary. The Board also elected Mr. Xiang Yang Chang as director. Ms. Zhang and Mr. Chang will hold these positions until they are replaced, resign, or are removed from office.
The resignation of Mr. Cheung was based on personal matters, not because of any disagreement with the Company on any matter related to the Companys operations, policies or procedures.
Biography
Yaya Zhang Age 31
Ms. Zhang was first elected to the Company's Board of Directors on February 13, 2019. From September 2006 to July 2010, she studied at Yanshan University and obtained a major in electronic information. From September 2010
to April 2013,
-2-
she studied at the 54
th
Research Institute of China Electronics Technology Corporation located in Hebei, China and there she majored in communication and information systems, and obtained her masters degree in engineering. From April 2013 to April 2016, she worked in the 54
th
Research Institute of China Electronics Technology Corporation where she researched special-use integrated circuits and application software. After 2016, Ms. Zhang was in charge of technology research and development, and later she served as the manager of the technology department in Shanghai Fujiang Information Technology Co., Ltd. Ms. Yaya became the Chief Financial Officer of the same company in December 2017, and in 2018, she became a director of Hengshui Jingzhen Environment Protection Technology Co., Ltd., also located in Shanghai, China.
Xiang Yang Chang Age 39
From the year 2000 to 2003, Mr. Chang attended Party School of Hebei Provincial Party Committee located in Hebei, China where he received a major in economic management. From 1998 to 2004, he worked in the Material Bureau of Taocheng District, Hengshui City, Hebei Province, China. There he served in the financial management of government material affairs, and once served as financial unit leader. In February 2004, he was transferred to a senior position in financial management of Hebei Jingxin Group, and successively served as manager of the capital department and Chief Financial Officer. From 2004 to 2018, he was also employed in the preparatory establishment and management of the preliminary construction of Hengshui Jingzhen Environmental Protection Technology Company. In 2018, he held the position of Assistant to the Chairman of Hebei Jingxin Group and acted as the General Manager of Hengshui Jingxhen Environmental Protection Co., Ltd., located in Hebei, China.
Effective Date of Personnel Changes
The personnel changes described above will be effective 20 days from the distribution to shareholders of the Companys Schedule 14f indicating a change in control of the Board of Directors.
Item 9.01 Exhibits.
10.1 Share Exchange Agreement between the Company and MoralArrival Environmental and Blockchain Technology Services Limited and its shareholders.
10.2 Share Purchase Agreement between the Company and Hang Dennis Cheung.