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Meiwu Technology Company Limited's Leadership Shake-Up: Key Changes in 2025 Report

$WNW
Form 6-K
Filed on: 2025-01-07
Source
Meiwu Technology Company Limited's Leadership Shake-Up: Key Changes in 2025 Report

Here are the key insights extracted from the financial report of Meiwu Technology Company Limited based on the provided section of the Form 6-K:

1. Company Overview

  • Name: Meiwu Technology Company Limited
  • Type: British Virgin Islands company
  • Location: 1602, Building C, Shenye Century Industry, No. 743 Zhoushi Road, Bao’an District, Shenzhen, People’s Republic of China.
  • Report Date: January 5, 2025
  • Commission File Number: 001-39803

2. Executive Changes

  • Resignations (Effective December 27, 2024):
    • Mr. Xinliang Zhang: Resigned as Co-CEO and director for personal reasons; no disagreements with the Company.
    • Ms. Jinfeng He: Resigned from the Board, Audit Committee, Nominating Committee, and Compensation Committee; no disagreements.
    • Mr. Lam Kit Lam: Resigned as director, Chairman of the Compensation Committee, and member of the Audit and Nominating Committees; no disagreements.
    • Ms. Xiaoying Mu: Resigned as director, Chairwoman of the Audit and Nominating Committees, and member of the Compensation Committee; no disagreements.
  • New Appointments (Effective January 6, 2025):
    • Mr. Zhichao Yang: Appointed as Chief Executive Officer and director. He has extensive experience in operations and business management in the healthcare and skincare industries.
    • Mr. Peiqun Lin, Mr. Aiwei Luo, and Mr. Hanwu Yang: Appointed as directors of the Board.

3. Committee Structure Post-Resignation

  • Audit Committee: Comprising Mr. Aiwei Luo, Mr. Peiqun Lin, and Ms. Qiufei Chen (Chair).
  • Nominating Committee: Same as above.
  • Compensation Committee: Same as above, with Mr. Aiwei Luo as Chairman.

4. Compensation Details

  • Mr. Zhichao Yang will receive an annual base salary of $200,000 for his role as CEO but no compensation as a director.
  • Directors (Peiqun Lin, Aiwei Luo, Hanwu Yang) will not receive compensation as directors.

5. Biographical Highlights of New Appointees

  • Zhichao Yang (41 years old):
    • Former CEO of Guangzhou Meirenguo Skill Training Co., Ltd. and Fujian Chencai Health Industry Group Co., Ltd.
    • Experience in overseeing operations, sales management, and financial management.
  • Peiqun Lin (44 years old):
    • Former marketing director of Quanzhou Weimei - Hello Beautiful Makeup Training School.
    • Experienced in brand development and marketing.
  • Aiwei Luo (45 years old):
    • Former financial manager at Guangzhou Qingmi Cultural and Technological Services Co., Ltd.
    • Currently serves as financial director at Guangzhou Meixing Health Information Group Co., Ltd.
  • Hanwu Yang (50 years old):
    • Currently the marketing director of Meiwu Zhishi Technology (Shenzhen) Co., Ltd.
    • Focuses on enhancing company performance and driving revenue growth.

6. Compliance and Governance

  • The new directors have been classified as "independent" according to SEC and NASDAQ rules.
  • The report indicates that there are no conflicts of interest or family relationships among the new appointments.

This summary encapsulates the significant changes within the company's leadership, strategic direction, and governance structure as reported in the Form 6-K.