Item
5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On
June 14, 2017, Elaine Wan Yin Ling was appointed as President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary
and member of our Board of Directors of our company. On June 14, 2017, Omri Revivo resigned as President, Chief Executive Officer,
Chief Financial Officer, Treasurer, Secretary and member of our Board of Directors. of our company.
Elaine
Wan, 49 years old, graduated from the University Of Management & Technology in Arlington, Virginia in 2010. Ms. Wan currently
has been the Director of Full Yick International Limited located in Hong Kong since May of 2017. Prior to her position she was
Director at On Chi Ceramic Technology Limited in Hong Kong since 2014 and continues to serve as a Director. She is also director
of Jiayu Insurance Finance Limited in Hong Kong since 2016 and Director of Shine Spread Limited in Hong Kong since 2007.
Ms,
Wan has extensive experience in managing and consulting and will be great asset to our company.
During the
past ten years, Ms. Wan has not been the subject of the following events:
1. A
petition under the Federal bankruptcy laws or any state insolvency law was filed by or against,
or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or
any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or
business association of which he was an executive officer at or within two years before the time of such
filing;
2. Convicted in
a criminal proceeding or is a named subject of a pending
criminal proceeding
(excluding traffic violations and other minor offenses);
3. The
subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any
court of competent jurisdiction, permanently or temporarily enjoining him from,
or otherwise limiting, the following activities; associated person of any of the foregoing,
or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated
person, director or employee of any investment company, bank, savings and
loan association or insurance company, or engaging in or continuing any conduct
or practice in connection with such activity;
i) Acting
as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker,
leverage transaction merchant, any other person regulated by the Commodity Futures Trading
Commission, or
ii) Engaging
in any type of business practice; or
iii)
Engaging in any activity in connection with the purchase or sale of
any security or commodity or in connection with any violation of Federal or State securities
laws or Federal commodities laws;
4. The
subject of any order, judgment or decree, not subsequently reversed, suspended or vacated,
of any Federal or State authority barring, suspending or otherwise limiting for more than 60
days the right of such person to engage in any
activity described in paragraph 3.i in the preceding
paragraph or to be associated with persons engaged in any such activity;
5. Was
found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal
or State securities law, and the judgment in such civil action or finding by the Commission has
not been subsequently reversed, suspended, or vacated;
6. Was
found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to
have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures
Trading Commission has not been subsequently reversed, suspended or vacated;
7. Was
the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not
subsequently reversed, suspended or vacated, relating to an alleged violation of:
i) Any
Federal or State securities or commodities law or regulation; or
ii) Any
law or regulation respecting financial institutions or insurance companies including, but not limited to,
a temporary or permanent
injunction, order of disgorgement or restitution, civil money penalty or
temporary or permanent cease-and-desist order, or removal or prohibition order, or
iii)
Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity;
or
8. Was
the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or
vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange
Act (15 U.S.C. 78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C.
1(a)(29)), or any equivalent exchange, association, entity or organization that
has disciplinary authority over its members or persons associated with a member.
Family
Relationships
There
are no family relationships among our directors or executive officers.
Director
Qualifications
The
following specific experience, qualifications, attributes, or skills of Ms. Wan led the Company to the conclusion that she should
serve as a director in light of our business and structure:
Ms.
Wan is qualified to be Company director because she has managed several businesses successfully and thus brings management, organizational,
operational and administrative experience to our Board.