TERAFOX CORP. (OTCMKTS:TRFX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

TERAFOX CORP. (OTCMKTS:TRFX) 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 February 28, 2017, Chi Yeuk Lau resigned as the Companys
acting Chief Executive Officer, Chief Financial Officer,
Secretary and Treasurer of the Company and the Board of Directors
immediately appointed Mr. Bum Chul Kim as acting Executive
Officer, Chief Financial Officer, Secretary and Treasurer of the
Company. Ms. Lau remains as the Companys sole director.

The business background description of the newly appointed
officer is set forth below.

Bum Chul Kim. Mr. Kim has significant experience in all
aspects of business management, with concentration in the IT
sector. Since March 2016 to the present, he has been Chief
Executive Officer of Sinjutech Co, Ltd., an IT provider located
in Seoul, Korea. From December 2014 to March 2016, he was
Director of Modu T Co, Ltd, a Trading company located in Seoul,
Korea. From February 2006 to February 2009, he was a Director of
the Matrix Group, a software company located in Seoul, Korea. Mr.
Chul received a BA degree (with honors) from the Shingendai
School (Tokyo, Japan) in 2003 and received his BA degree (with
honors) in Business in University Canberra (Melbourne, Australia)
in 2006.

There are no family relationships between our new officer and our
sole director. There have been no transactions since the
beginning of our last fiscal year, or any currently proposed
transaction, in which we were or are to be a participant,
exceeding $120,000 and in which our new officer had or will have
a direct or indirect material interest. There is no material
plan, contract or arrangement (whether or not written) to which
our new officer is a party or in which he participates that is
entered into or a material amendment in connection with the
triggering event or any grant or award to any such covered person
or modification thereto, under any such plan, contract or
arrangement in connection with any such event. The officer serves
in such executive positions at the discretion of the Board of
Directors. The Company and its new officer have verbally agreed
that no compensation will be due or owning to the new officer
until such time as the parties reach a written compensation
agreement, if any.

TERAFOX CORP. (OTCMKTS:TRFX) Recent Trading Information
TERAFOX CORP. (OTCMKTS:TRFX) closed its last trading session 00.00 at 1.70 with shares trading hands.