VITAXEL GROUP LIMITED (OTCMKTS:VXEL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer

On March 31, 2017, Mr. Lim Chun Hoo notified the Company that he was resigning from the Board of Directors of the Company (“Board”), effective immediately. Lim Chun Hoo’s resignation was not due to any matter related to the Company’s operations, policies or practices, his experiences while serving on the Board or any disagreement with the Board or management team.

About VITAXEL GROUP LIMITED (OTCMKTS:VXEL)

Vitaxel Group Limited, formerly Albero, Corp., is engaged in direct selling industry and online shopping platform primarily through its operating entities in Malaysia. It is a global direct selling, multi-level marketing (MLM) company offering travel, entertainment, lifestyle and other products and services principally through electronic commerce. Through Vitaxel Online Mall SBN BHD (Vionmall), the Company employs online shopping Websites for retail sales direct to consumers. Its Vitaxel SDN BHD (Vitaxel) packages include product points (which are exchangeable for tour and travel products or travel kits). The Company provides its members with training, which includes prospecting and closing skills, plan orientation, back-office training, network management, personal and leadership development and team-building activities. As of September 30, 2016, the Company had approximately 5,827 members, with approximately 4,131 members in Malaysia and approximately 1,141 members in Singapore.

VITAXEL GROUP LIMITED (OTCMKTS:VXEL) Recent Trading Information

VITAXEL GROUP LIMITED (OTCMKTS:VXEL) closed its last trading session 00.0000 at 0.0119 with 19,800 shares trading hands.