China HGS Real Estate Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
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Shaanxi Province,
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;
Resignation of Yuankai Wen
On January 24, 2022, Mr. Yuankai Wen resigned from his positions as an Independent Director of the Board and as the Chairman of the Compensation Committee of the Board (the “Compensation Committee”), and member of the Audit Committee and Nominating Committee of the Board. Mr. Yuankai Wen’s resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices.
Appointment of Mr. Qingfeng Zhou
Effective January 24, 2022, the Board appointed Mr. Qingfeng Zhou as an Independent Director of the Board and as the Chairman of the Compensation Committee and member of the Audit Committee and Nominating Committee of the Board to fill the vacancy created by the resignation of Mr. Yuankai Wen.
Mr. Qingfeng Zhou, has served as the owner of Cangze Consulting & Co. since March 2018. Since April 2016 and March 2016, Mr. Zhou has served as an overseas director of Engas Australasia Pty. Ltd. and a supervisor of Sinuo Investment Management Ltd., respectively. Since February 1999, Mr. Zhou has served as the general manager and co-founder of Marquis Shanghai Limited. From April 2015 to April 2019, Mr. Zhou served as the owner of Gold Longrich Limited Hong Kong. Mr. Zhou graduated from Shanghai Jiaotong University in China with a Bachelor’s degree in Mechanics.
Mr. Qingfeng Zhou does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Qingfeng Zhou also entered into an independent director agreement (the “Director Agreement”) with the Company, which sets his annual compensation at US$12,000 and establishes other terms and conditions governing his service to the Board. The Director Agreement is qualified in its entirety by reference to the complete text of the Director Agreement, which is filed hereto as Exhibit 10.1.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits
| 10.1 | Independent Director Agreement, dated January 24, 2022 by and between the Company and Qingfeng Zhou | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| Dated: January 27, 2022 | China HGS Real Estate Inc. | |
| By: | /s/ Neng Chen | |
| Name: Neng Chen | ||
| Title: Chief Executive Officer and Chairman | ||