SECsense Logo

Color Star Technology Co., Ltd. Form 6-K: Board Restructure Insights

$ADD
Form 6-K
Filed on: 2024-12-23
Source
Color Star Technology Co., Ltd. Form 6-K: Board Restructure Insights

Here are the key insights extracted from the provided financial report section:

  1. Filing Details:
  • Type: Form 6-K
  • Company: Color Star Technology Co., Ltd.
  • Filing Date: December 23, 2024
  • Commission File Number: 333-226308
  1. Corporate Changes:
  • Resignation:
    • Director: Mr. Ahmad Khalfan Ahmad Saeed Almansoori
    • Position: Independent director, chairman of the Compensation Committee, and member of the Nominating and Audit Committees.
    • Effective Date: December 23, 2024
    • Reason for Resignation: Personal reasons; no disagreement with the Company.
  • Appointment:
    • New Director: Mr. Shaikh Humaid Abdulla Rashed Ahmed Almualla
    • Position: Independent director, chairman of the Compensation Committee, and member of the Nominating and Audit Committees.
    • Effective Date: December 23, 2024
    • Background:
    • Founder of the UAE Royal HH Investment Fund and the UAE China Friendship Association.
    • Holds a bachelor’s degree in business administration from UAE Royal School (September 2020).
    • No disclosed family relationships with other directors or executives and no relevant transactions with the Company in the past two years.
  1. Director Offer Letter:
  • Mr. Almualla has entered into a director offer letter which outlines the terms and conditions of his service, with a reference to the complete text filed as Exhibit 99.1.
  1. Signature:
  • The report is signed by Louis Luo, the Chief Executive Officer of Color Star Technology Co., Ltd.

These changes in the board structure are important for stakeholders as they reflect potential shifts in company governance and strategy, which could impact future operations and performance.