COLORSTARS GROUP (OTCMKTS:CSTU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

COLORSTARS GROUP (OTCMKTS:CSTU) 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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Effective November 29, 2018, the Board of Directors of ColorStars Group (the “Company”) appointed Mr. Michael Chung to the Board of Directors to fill the vacancy created by the resignation of Mr. Liu Hsiu-Fu. Mr. Michael Chung, age 63, serves on the Company’s Board of Directors commencing on November 29, 2018.

Mr. Chung is the co-founder and owner of Number ONE Seafood Company, an import and export and distribution company of seafood, which he co-founded in October, 1995. Mr. Chung is also the co-founder and currently co-chairman of XL Investment Group, which is an international investment company he co-founded in September. Since August, 2018, Mr. Chung has also been the Chief Executive Officer of International Markets of Glauben Besitz, LLC, an LNG exporting company located in Tampa, Florida. Mr. Chung’s career experience includes over 13 years in the finance industry, providing solutions for business development and helping to build portfolios for small business’ to expand; over 13 years as Co-Founder and Chief Financial Officer, International Trading, in the seafood market which did business across 10 countries; 11 years as founder and Chief Executive Officer in the trucking business with truck fleets of over 60 trucks; and over 17 years as an operator in the logistics and warehousing business with a Japanese Company located in New York.


About COLORSTARS GROUP (OTCMKTS:CSTU)

ColorStars Group is a vertically integrated lighting company. The Company develops light emitting diode (LED) lighting products for general consumer applications, as well as professional lighting installations. The Company also develops and retrofits LED lamps and bulbs for lighting fixtures designed for general and special lighting applications. Its product lines and technologies include Light Sources, DMX Drivers and Bluetooth Portable Speaker. Its Light Sources products include The AMBY-A19-WHT, the R5 Series LED lamps; the R4S Series LED lamps, which are seven-watt lamps with E27, GU10 and MR16 bases; the R4 Series LED lamps; R4 Single-Color Lamps, and other light sources. The Company’s DMX Drivers include CCD-DMX-150, which is a three-channel high-power LED DMX driver with an auto-addressing system that detects identification (ID) automatically. It offers Bbox3 Bluetooth Portable Speaker, which can be used with any smartphone, tablet or other electronic device.

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