Tantech Holdings Ltd 6-K Report: New Subsidiary & Board Changes Unveiled
Here's a summary of the key information extracted from the provided financial report:
Document Type:
- Form: 6-K
- Company Name: Tantech Holdings Ltd
- Commission File Number: 001-36885
- Date of Report: December 20, 2024
Key Updates:
- Formation of New Subsidiary:
- On December 13, 2024, Tantech Holdings Ltd formed a wholly-owned subsidiary named USCNHK Holding LIMITED, based in Hong Kong.
- This subsidiary will not conduct substantial business but will act as a holding company for the Company’s interests in its operating subsidiaries.
- Changes in Board of Directors:
- Resignation: Mr. Zhengyu Wang resigned as a director and Chairman of the Board effective December 19, 2024, for personal reasons. His resignation was confirmed not to be due to any disagreements.
- New Appointments:
- Ms. Yefang Zhang has been elected as the new Chairwoman of the Board.
- Mr. Weilin Zhang has been appointed as a director of the Company. He previously served as the Chief Financial Officer since July 2019 and has extensive experience in finance and management.
Contact Information:
- Address:
- Tantech Holdings (Lishui) Co., Ltd.
- No. 10 Cen Shan Road, Shuige Industrial Zone, Lishui City, Zhejiang Province 323000
- Phone: +86-578-226-2305
Signatures:
- The report is signed by Wangfeng Yan, Chief Executive Officer of Tantech Holdings Ltd.
Implications:
- The formation of a new subsidiary indicates a strategic move to streamline operations and potentially optimize the holding structure of the company.
- The changes in the Board of Directors may signal shifts in governance and strategic direction, which could impact company operations and investor sentiment.
This summary captures the essential changes and organizational structure updates reported in the 6-K form.