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XChange TEC.INC Leadership Shake-Up: Key Changes in January 2025 Report

$XHG
Form 6-K
Filed on: 2025-01-10
Source
XChange TEC.INC Leadership Shake-Up: Key Changes in January 2025 Report

Here are the key insights extracted from the financial report (Form 6-K) of XChange TEC.INC for January 2025:

  1. Company Overview:
  • Name: XChange TEC.INC
  • Commission File Number: 001-39111
  • Address: No.801, Building 1, 1136 Xinzha Road, JingAn District, Shanghai, 200041, People's Republic of China.
  1. Management Changes:
  • Resignation:
    • Mr. Yong Zhang resigned as:
    • Director
    • Chairman of the Board of Directors
    • Chairman of the Compensation Committee
    • Chairman of the Nominating and Corporate Governance Committee
    • Chief Executive Officer
    • Reason for resignation: Personal reasons, with no disagreements reported regarding the company’s operations or policies.
  • Appointment:
    • Mr. Zhichen Sun was appointed to the following positions:
    • Director
    • Chairman of the Board of Directors
    • Chairman of the Compensation Committee
    • Chairman of the Nominating and Corporate Governance Committee
    • Chief Executive Officer
    • Background of Mr. Zhichen Sun:
    • Served as Chief Financial Officer from January 2020 to October 2024.
    • Served as Financial Director from April 2017 to January 2020.
    • Previous roles include:
      • Audit Senior Manager at Ernst & Young LLP (Shanghai) from January 2016 to April 2017.
      • Audit Manager at Deloitte LLP (Calgary) from January 2011 to December 2015.
      • Senior Auditor and Audit Manager at Deloitte Touche Tohmatsu Certified Public Accountants LLP (Shanghai) from July 2005 to December 2010.
    • Educational Background: Bachelor’s degree in Japanese language and literature from Shanghai International Studies University (2005).
    • Holds CPA designations in China and Canada.
  1. Regulatory Compliance:
  • The report is filed under the Securities Exchange Act of 1934 and is incorporated by reference into the Registrant’s Registration Statement on Form F-3.
  1. Signature:
  • The report is signed by Zhichen Sun, confirming his roles and the date of submission as January 10, 2025.

Overall, this report highlights significant leadership changes in XChange TEC.INC, which may have implications for the company's strategic direction and governance.