M101 CORP. (OTCMKTS: MOZO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On December 7, 2018, Datin Chan Heng Si resigned as the President, Chief Executive Officer and Director of M101 Corp. (the “Company”). On that same date, Dato Yap Ting Hau resigned as a Director of the Company. There were no disagreements between Datin Chan, Dato Yap and the Company on any matter relating to the Company’s operations, policies or practices, which resulted in their resignation.
On December 7, 2018, the remaining board of directors appointed Ousman Haji Aliyas to serve as the Company’s President, Chief Executive Officer and Director. Mr. Ousman, 45, is an entrepreneur. He previously worked as an Account Supervisor at Rashid Hussain Securities, a Logistics Supervisor at Bechtel Bina Sdn Bhd and a Logistics Supervisor at Gas Malaysia Sdn Bhd. Mr. Ousman holds a Malaysia Examination Certificate at Tengku Mahmud School, Terengganu, Malaysia and a Diploma Certificate at Sultan Zainal Abidin College (university Darul Iman), Terengganu, Malaysia.
There are no employment agreements between the Company and Mr. Ousman, nor are there any arrangements or plans in which the Company will provide compensation, bonus, pension, retirement, or similar benefits to Mr. Ousman. There have been no transactions to which the Company was or is to be a party, in which Mr. Ousman had, or will have, a direct or indirect material interest.