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

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.

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On October 30, 2017, Ms. Yue Ming resigned as a member of the board of directors (the “Board”) of Asia Equity Exchange Group, Inc. (the “Company”) and from the position as the Company’s Chief Financial Officer (the “CFO”), effective immediately. The Board accepted Ms. Ming’s resignation. Ms. Ming’s decision to resign did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On October 30, 2017, the Board appointed and approved Mr. Yau Chit Man Samuel to fill the vacancy of CFO created by the resignation of Ms. Ming, effective on October 30, 2017 immediately. Mr. Yau is entitled to an annual compensation of $16,800. On the same day, the Board also appointed and approved Mr. Samuel Yau as a member of the Board, to fill the vacancy of the board seat created by the departure of Ms. Ming.

The biographical information of Mr. Yau is set forth below.

Mr. Yau had served as the financial controller of Hontrade Engineering Limited from May 2010 to March 2017. Mr. Yau is a licensed CPA in Hong Kong and the United States. Mr. Yau obtained a bachelor’s degree in Business Administration and Accounting & Management Information Systems and a master’s degree in Accounting, both from University of Hawaii at Manoa in 1985 and 1987, respectively.

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


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.

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