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Jiade Limited February 2025 Report: Board Changes & Governance Insights

$JDZG
Form 6-K
Filed on: 2025-02-20
Source
Jiade Limited February 2025 Report: Board Changes & Governance Insights

Key Information Extracted from the Financial Report (Form 6-K):

  1. Company Information:
  • Name: Jiade Limited
  • Location: Unit 2-02, Puningdun Business Plaza, No. 1702 and 1706 Minjiang Road, Jinjiang District, Chengdu City, Sichuan Province, The People’s Republic of China, 610000.
  • Commission File Number: 001-42098
  1. Reporting Period:
  • Month of Report: February 2025
  1. Independent Director Changes:
  • Resignation:
    • Director: Ms. Yaxuan Yang
    • Effective Date: February 14, 2025
    • Roles: Member of the audit committee, compensation committee, and nominating and corporate governance committee; Chairperson of the audit committee.
  • Appointment:
    • New Director: Mr. Shang Wu
    • Effective Date: February 14, 2025
    • Roles: Independent director, member of the nominating and corporate governance committee, audit committee, and compensation committee; Chairperson of the compensation committee.
  • Reappointment:
    • Director: Mr. Shuang Qiu
    • New Role: Chairperson of the audit committee (previously Chairperson of the compensation committee).
  1. Director Qualifications:
  • Mr. Shang Wu meets the "independence" requirements of Nasdaq and Rule 10A-3 under the Securities Exchange Act of 1934.
  • Background of Mr. Shang Wu:
    • Experience in cultural education, business activities, and corporate management.
    • Positions held:
    • Executive Director, Italian I.C.E. International Exchange Promotion Association (since 2018).
    • General Manager, Chengdu Muyan Cultural Development Co., Ltd. (since 2020).
    • Education: Bachelor's degree in Decoration Arts (2016) and a Master's degree in Art History (2019) from the University of Florence.
  1. Corporate Governance:
  • The appointments are aimed at filling the vacancy left by Ms. Yang's resignation, ensuring compliance with corporate governance standards.
  1. Signature:
  • Date Signed: February 20, 2025
  • Authorized Signatory: Yuan Li, Co-Chief Executive Officer
  1. Exhibits:
  • Exhibit 99.1: Resignation letter from Yaxuan Yang, dated February 14, 2025.

Insights:

  • The changes in the board of directors reflect strategic governance adjustments, likely aimed at maintaining compliance and potentially bringing fresh perspectives to the company's leadership.
  • Mr. Shang Wu's background in cultural and business management could suggest a strategic shift or enhancement in the company's operational focus, particularly in areas related to cultural exchange and development.
  • The company's proactive stance on governance and independence standards may enhance investor confidence and support for its long-term strategic objectives.