CHINA UNITED INSURANCE SERVICE, INC. (OTCMKTS:CUII) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(b)
On December 9, 2016, the board of directors (the “Board”) of China United Insurance Service, Inc. (the “Company”), through unanimous written consent, (i) approved a reduction in the number of directors constituting the Board from 5 to 3; and (ii) approved the resignation of Ms. Kuei Chiao Chen as a director and the resignation of Ms. Shu-Fen Lee as a Series A director of the Company. Ms. Chen and Ms. Lee both resigned for personal reasons. There was no disagreement between the Company and Ms. Chen or Ms. Lee relating to the Company’s operations, policies and practices.
About CHINA UNITED INSURANCE SERVICE, INC. (OTCMKTS:CUII)
China United Insurance Service, Inc. (China United) operates in Taiwan and China through its subsidiaries Action Holdings Financial Limited (AHFL) and ZLI Holdings Limited (CU Hong Kong), respectively. AHFL holds shares of Law Enterprise Co., Ltd. (Law Enterprise), a company based in Taiwan. Law Enterprise holds shares of Law Insurance Broker Co., Ltd. (Law Broker), Law Risk Management & Consultant Co., Ltd. (Law Management) and Law Insurance Agent Co., Ltd. CU Hong Kong owns Law Anhou Insurance Agency Co., Ltd. (Anhou), which provides insurance agency services in the People’s Republic of China. Law Broker and Anhou markets and sells insurance products: life insurance products, and property and casualty insurance products, both focused on meeting the particular insurance needs of individuals. The insurance products that Law Broker and Anhou sell are underwritten by certain insurance companies in Taiwan and China, respectively. CHINA UNITED INSURANCE SERVICE, INC. (OTCMKTS:CUII) Recent Trading Information
CHINA UNITED INSURANCE SERVICE, INC. (OTCMKTS:CUII) closed its last trading session 00.00 at 5.36 with shares trading hands.
