CHINA TELETECH HOLDING, INC. (OTCMKTS:CNCT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
(a)Appointment of New Principal Financial Officer
On April 24, 2018, the Company announced the appointment of Wei Wei as the Company’s Chief Financial Officer, effective immediately. Mr. Wei does not have any 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.
Mr. Wei, age 36, most recently served as the financial manager at TBEA Co., Ltd. (600089.SH), a public company listed on Shanghai Stock Exchange, from March, 2016 to December, 2017. Prior to that, he worked as an auditor and accountant in Liaoning Zhongheng CPA Firm, a China-based member firm of HLB International, a global network of independent professional accounting firms and business advisers, from April, 2014 to December, 2015. Mr. Wei also served as an overseas financial manager in Wison Engineering Services Co Ltd (2236.HK), a public company listed on the Stock Exchange of Hong Kong from December, 2012 to December, 2013.
Mr. Wei is a member of the Association of Chartered Certified Accountants and he holds a Master’s Degree in Professional Accountancy from the University of London. Mr. Wei is familiar with U.S. GAAP, IFRS, and PRC GAAP.
to the terms of the employment between Mr. Wei and the Company, Mr. Wei will receive an annual base salary of $96,000 and will be entitled to participate in other employee benefit plans, programs and arrangements that the Company may maintain from time to time for its senior officers.
(b)Appointment of New Principal Executive Officer
On April 24, 2018, the Company announced the appointment of Dongsheng Lian as the Company’s Chief Executive Officer, effective immediately. Mr. Lian does not have any 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.
Mr. Lian, age 44, was the initial founding member and served as a promoter of Liaoning Shidaitang Jade Jewelry Co., Ltd. since 2016 before joining the Company. Prior to that, he served as a deputy general manager in Beijing Zhongcai Huijin Fund Management Co., Ltd. from 2013 to 2015, and was mainly responsible for the risk assessment and control. He also worked at the China head office of Saskar Group US, where he was responsible for the company’s business development in the Greater China Region and its listing works in the U.S. capital markets.
Mr Lian holds a Bachelor’s Degree in Tourism Management from Hubei University. Mr. Lian has held senior executive positions in various companies and he is experienced with large-scale merger and acquisition projects as well as the management of public companies.
to the terms of the employment between Mr. Lian and the Company, Mr. Lian will receive an annual base salary of $120,000 and will be entitled to participate in other employee benefit plans, programs and arrangements that the Company may maintain from time to time for its senior officers.
| Item 5.02 | Financial Statements and Exhibits. |
China Teletech Holding Inc ExhibitEX-10.1 2 f8k042418ex10-1_chinatele.htm EMPLOYMENT TERMS BETWEEN THE COMPANY AND WEI WEI DATED APRIL 24,…To view the full exhibit click here