Asia Equity Exchange Group, Inc. (OTCMKTS:AEEX) 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 Officers.

On September 8, 2017, the Board appointed Mr. Xiangyu Wang to fill the vacancy of Chairman, director, the president and CEO created by the resignation of Mr. Jun Liu, effective immediately.

The biographical information of Mr. Wang is set forth again below.

Mr. Xiangyu Wang, age 46, has served as the vice president of the Company since February 2017. From October 2015 to February 2017, he served as the general manager and founding partner of Shenzhen Qianhai Ruixin Capital Management Co., Limited. From April 2015 to October 2015, he served as the vice president of Moxian, Inc., a NASDAQ listed company engaging in the business of providing social marketing and promotion platforms that are designed to help merchants to advertise through social media to accelerate business growth. From June 2013 to February 2015, he served as the founding partner and chief consultant in Shanghai Chenshi Management Consulting Co., Ltd. From May 2009 to May 2013, he served as the executive vice president in Shanghai Shipeng Laboratory (Science and Technology) Group. Mr. Wang obtained a bachelor’s degree in science in Business Administration and Information Sciences and a master’s degree in Computer Science from Northwestern Polytechnic University in the U.S in 2000 and 2001, respectively. He obtained a doctor’s degree in Business Administration from Shanghai Jiaotong University in 2010.

There is no family relationship that exists between Mr. Wang and any directors or executive officers of the Company. In addition, there are no arrangements or understandings between Mr. Wang and any other persons to which she was selected as a director of the Board and there are no transactions between the Company and Mr. Wang that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Wang has entered into a director offer letter (the “Wang Offer Letter”) and an employment agreement (the “Employment Agreement”) with the Company. Wang Offer Letter sets Mr. Wang’s annual compensation at $12,000 per year and establishes other terms and conditions governing his service as the Chairman and a director, and the Employment Agreement sets his annual compensation at $2,000 per month and establishes other terms and conditions governing his service as the president and CEO of the Company.

The Wang Offer Letter is qualified in its entirety by reference to the complete text of the agreement, which is filed hereto as Exhibits 10.1. The Employment Agreement is qualified in its entirety by reference to the complete text of the agreement, which is filed hereto as Exhibits 10.2.

ASIA EQUITY EXCHANGE GROUP, INC. Exhibit
EX-10.1 2 ex10-1.htm   Exhibit 10.1   ASIA EQUITY EXCHANGE GROUP,…
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About Asia Equity Exchange Group, Inc. (OTCMKTS:AEEX)

Asia Equity Exchange Group, Inc., formerly I In The Sky, Inc., operates in the online equity information industry. The Company through its subsidiary, Asia Equity Exchange Group Company Limited, offers an international equity assistance and information service platform designed to provide member registration services, equity investment financing information to enterprises in Asia, mainly in China. Its member registration services refer to companies seeking to join its equity investment and financing information dissemination platform. The Company through its indirect subsidiaries, AEEX (HK) International Finance Service Limited and Yinfu Guotai Investment Consultant (Shenzhen) Co. Ltd., is also engaged in the provision of investment and corporate management consultancy services. The Company’s original business plan was to manufacture and market global positioning system (GPS) tracking devices and software to businesses and families.