China HGS Real Estate Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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 Shenghui Luo
On February 23, 2022, Ms. Shenghui Luo resigned from her position as an Independent Director of the Board. Ms. Shenghui Luo’s resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices.
Appointment of Mr. Jian Zhang
Effective February 23, 2022, the Board appointed Mr. Jian Zhang as an Independent Director of the Board to fill the vacancy created by the resignation of Ms. Shenghui Luo.
Mr. Jian Zhang, has served as the head of Greater China of Shanghai Branch of Standard International Bank of United States since December 2020. From November 2017 to December 2020, Mr. Zhang served as a vice president of China Industrial GuoXin Asset Management Co., Ltd... From December 2015 to November 2017, Mr. Zhang served as a vice president of sub-branch of Shanghai Branch of China Construction Bank. From September 2013 to November 2015, Mr. Zhang served as an associate of Shanghai Branch of China Construction Bank. Mr. Zhang graduated from ZhongNan University of Economics and Law in China with a Bachelor’s degree in Economics.
Mr. Jian Zhang 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. Jian Zhang 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 February 23, 2022 by and between the Company and Jian Zhang |
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: February 28, 2022 | China HGS Real Estate Inc. | |
| By: | /s/ Neng Chen | |
| Name: | Neng Chen | |
| Title: | Chief Executive Officer and Chairman | |