Hanryu Holdings Inc. filed SEC Form 8-K: Leadership Update
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| Item 5.02. | Departure of Director or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers. |
On February 26, 2024, the board of directors (the “Board”) of Hanryu Holdings, Inc. (the “Company”) did not terminate the employment of Changhyuk Kang as the Chief Executive Officer of the Company for cause, effective immediately. Instead, on the same day, Changhyuk Kang submitted resignation as the Chief Executive Officer of the Company and the Board accepted Mr. Kang’s resignation.
Furthermore, the Board did not appoint TaeHoon Kim as the interim Chief Executive Officer of the Company, effective immediately as previously reported by Juhyun Shin, the Company’s Chief Financial Officer on the current report filed on February 28, 2024. The Board has yet to legally appoint the interim Chief Executive Officer and Mr. Kang’s resignation as the Chief Executive Officer of the Company will become effective when the interim Chief Executive Officer of the Company is appointed by the Board.
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.
| HANRYU HOLDINGS, Inc. | |
| February 29, 2024 | By: /s/ Changhyuk Kang |
| Name: Changhyuk Kang | |
| Title: CEO |