China Commercial Credit, Inc. (NASDAQ:CCCR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Resignation of Weiliang Jie
On February 9, 2018, Mr. Weiliang Jie resigned from the board of directors (“Board”) of China Commercial Credit, Inc. (the “Company”) effective immediately. Mr. Jie’s resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices.
Appointment of Kecen Liu
Effective February 12, 2018, the Board appointed Ms. Kecen Liu as a member of the Board to fill the vacancy created by the resignation of Mr. Jie.
The biographical information of Ms. Liu is set forth below.
Ms. Kecen Liu, age 25, has served as a Program Coordinator at United Nations ICTY from June, 2016 to February 2017. Ms. Liu has served as Marketing Manager at Jiuding Capital from June, 2015 to October, 2015. She has also served as Brand Manager at Jumei.com from November, 2013 to October, 2014. Form October 2012 to June 2014, she served as a Campus Embassador at Hong Kong XINHUA Education International Group. Ms. Liu obtained a Master's degree in International Business from Southwestern University of Finance and Economics in 2017.
Ms. Liu does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.
Ms. Liu has entered into a director agreement (the “Offer Letter”) with the Company, which sets her annual compensation at $20,000 per year and establishes other terms and conditions governing his service on the Company’s Board. The Offer Letter is qualified in its entirety by reference to the complete text of the agreement, which is filed hereto as Exhibits 10.1.
|Item 9.01||Financial Statements and Exhibits.|
China Commercial Credit Inc ExhibitEX-10.1 2 f8k021218ex10-1_chinacomm.htm DIRECTOR OFFER LETTER,…To view the full exhibit click
About China Commercial Credit, Inc. (NASDAQ:CCCR)
China Commercial Credit, Inc. is engaged in offering financial services in China. The Company’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd. Its financial leasing business is conducted through Pride Financial Leasing (Suzhou) Co. Ltd (PFL). It has over three business lines including, lending, guarantee and financial leasing. For its lending and guarantee services, it provides direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of China. In its direct loan business, it provides short-term loans to the borrowers and generates interest income. In its guarantee business, it acts as a guarantor to borrowers applying for short-term direct loans with other lenders and generates fee income.