Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT) 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.
On March 13, 2017, Yong Change Wu was removed as a director of
the Company by the consent of the holders of a majority of the
votes entitled to be cast on the matter and the approval of the
majority of the directors of the Company. Immediately thereafter,
the Board appointed Yong Lin Song as a director of the Company to
be effective immediately. There was not any matter of dispute
between the Company and Mr. Wu. The following is the biography of
Mr. Song:
Yong Lin Song
Mr. Song is a senior agronomist at the Institute of Agricultural
Resources and Regional Planning, Chinese Academy of Agricultural
Sciences. He has 29 years of experience in microbial RD and
technology promotion and has led many national agricultural
projects. In 2001, he was responsible for technological
achievement transformation and technology promotion of
Agricultural Resources and Regional Planning, Chinese Academy of
Agricultural Sciences. In 2009, he served as deputy secretary
general of the Chinese Society of Plant Nutrition and Fertilizer
Science. Mr. Song joined Kiwa in March 2016 and is responsible
for the Companys Research and Development operations.
Item 5.03 Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year.
On March 8, 2017, to the consent of the holders of a majority of
the votes entitled to be cast on the matter and the approval of
the majority of the directors of the Company, the Company was
converted from a Delaware corporation to a Nevada corporation by
filing of Articles of Conversion and Articles of Incorporation in
the State of Nevada and filing a Certificate of Dissolution in
the State of Delaware. A copy of the Companys new Articles of
Incorporation is attached hereto as Exhibit 3(i). The authorized
capital of the Company remained unchanged.
Item 5.07 Submission of Matters to a Vote of Security
Holders.
On March 8, 2017, to the consent of the holders of a majority of
the votes entitled to be cast on the matter, the following
actions were approved:
| (1) | Reincorporation of the Company from Delaware to Nevada and | |
| (2) |
Approval of the Kiwa Bio-Tech Products Group Corporation 2016 Employee, Director and Consultant Stock Plan. A copy of the plan is attached hereto as Exhibit 4.1. |
On March 13, 2017, to the consent of the holders of a majority of
the votes entitled to be cast on the matter, Yong Change Wu was
removed as a director of the Company by the consent of the
holders of a majority of the votes entitled to be cast on the
matter and the approval of the majority of the directors of the
Company. Immediately thereafter, the Board appointed Yong Lin
Song as a director of the Company to be effective immediately.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 3(i) |
Articles of Incorporation of Kiwa Bio-tech Products Group Corporation filed in the State of Nevada on March 8, 2017. |
| 4.1 |
Kiwa Bio-Tech Products Group Corporation 2016 Employee, Director and Consultant Stock Plan. |
About Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT)
Kiwa Bio-Tech Products Group Corporation develops, manufactures, distributes and markets bio-technological products for agriculture. The Company has acquired technologies to produce and market bio-fertilizer. The Company has developed over six bio-fertilizer products with bacillus spp and/or photosynthetic bacteria as its ingredients. The Company’s products contain ingredients of both photosynthesis and bacillus bacteria. The Company’s products include KiwaBiological Organic Fertilizer, Kiwa Yi Mu Ling, Kiwa Di Fu Kang, Kiwa Microbial Specific Fertilizer For Rice, Kiwa Microbial Specific Fertilizer For Corn, Kiwa Microbial Specific Fertilizer For Potato, Kiwa Microbial Specific Fertilizer For Soybean, Kiwa Microbial Specific Fertilizer For Tea Tree, Kiwa Microbial Specific Fertilizer For Tobacco, Kiwa Microbial Specific Fertilizer For Fruit Trees, Kiwa Microbial Specific Fertilizer For Vegetables and Kiwa Full Effect Type Foliar For Golf Turf. Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT) Recent Trading Information
Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT) closed its last trading session 00.00 at 1.93 with 3,601 shares trading hands.
