CBAK ENERGY TECHNOLOGY, INC. (NASDAQ:CBAK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On and effective August 21, 2017, the Board of Directors of CBAK Energy Technology, Inc. (the “Company”) appointed Mr. Wenwu Wang, who currently serves as the Company’s Interim Chief Financial Officer, as Chief Financial Officer of the Company on a permanent basis. Mr. Wang will continue to serve as the Company's principal accounting and financial officer.
Mr. Wang’s biographical information is incorporated herein by reference as set forth in the Company's annual report on Form 10-K filed on January 13, 2017.
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 he was selected as the permanent chief financial officer of the Company and there are no transactions between the Company and Mr. Wang that would require disclosure under Item 404(a) of Regulation S-K.
ITEM 8.01 OTHER EVENTS.
On and effective August 21, 2017, Mr. Yunfei Li resigned from his position as the Secretary of the Company. At the same time, the Board of Directors appointed Ms. Xiangyu Pei as the Secretary of the Company.
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About CBAK ENERGY TECHNOLOGY, INC. (NASDAQ:CBAK)
CBAK Energy Technology, Inc., formerly China BAK Battery, Inc., is a holding company. The Company and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion (Li-ion) rechargeable batteries for use in an array of applications. As of September 30, 2016, it manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company’s products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Its products are used in various applications, including electric vehicles (EV), such as electric cars, electric buses, hybrid electric cars and buses; light electric vehicles (LEV), such as electric bicycles, electric motors and sight-seeing cars, and electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications. CBAK ENERGY TECHNOLOGY, INC. (NASDAQ:CBAK) Recent Trading Information
CBAK ENERGY TECHNOLOGY, INC. (NASDAQ:CBAK) closed its last trading session down -0.05 at 1.30 with 36,799 shares trading hands.
