Technovative Group, Inc. (OTCMKTS:TEHG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Appointment of Ke Wei Huang
On February 1, 2018, the Board of Directors of Technovative Group, Inc. (the “Company”) appointed Dr. Ke Wei Huang as Chief Technology Officer of the Company, effective immediately.
The biographical information of Dr. Huang is set forth below.
Dr. Ke Wei Huang joins the Company following his successful career as Chief Technology Officer of Hadoop-Tech from March 2017, to December 2017; from October 2015, to March 2017, as the Chief Technology Officer of Moxian, Inc. a social network platform that integrates social media and business into a single platform primarily in China from October 2015, to March 2017; and Vice President of Software for Pactera, an IT consulting and outsourcing company. Dr. Huang has worked on Research and Development in all the prior mentioned entities and organization. Dr. Huang received a bachelor’s degree with honors from the National University-Singapore in 1990, and received a PhD from the University New South Wales in 1995 and an MBA from Preston University in 2004.
Dr. Huang does not have a 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.
Employment Agreement with Ke Wei Huang
Dr. Huang has entered into an employment agreements (the “Employment Agreement”) with the Company, on February 1, 2018, to which he shall receive an annual base salary of $63,000. Under his Employment Agreement, Dr. Huang is employed as our CTO for a term of two years. The Employment Agreement may be terminated by our Company with at least three months’ written notice or three months’ pay in lieu of notice; or by summary notice if Dr. Huang shall have committed any serious breach, or material breach, or other misconduct to the Employment Agreement.
The Employment Agreement is qualified in its entirety by reference to the complete text of the Employment Agreement, which is filed hereto as Exhibits 10.1.
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Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
Exhibit
Technovative Group, Inc. ExhibitEX-10.1 2 f8k020118ex10-1_technovative.htm EMPLOYMENT AGREEMENT,…To view the full exhibit click here
About Technovative Group, Inc. (OTCMKTS:TEHG)
Technovative Group, Inc. is engaged in producing and marketing the platform called SpeedG Platform. The Company’s SpeedG Platform is a combination of use products that provide solutions for its clients to establish and maintain their online presence, as well as allows its clients to promote and market their businesses effectively.