change of control, 7 million float
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 3, 2018, the Company accepted the resignation of Zhenting Deng from the Board of Directors of the Company and from his position as Chief Financial Officer of the Company. There were no disagreements between the Company and Mr. Deng which led to his resignation.
On September 3, at the request of the Company Changkui Zhu resigned from his position as President/Chief Executive Officer of the Company. Concurrently with the resignation of Mr. Zhu, the Company appointed Ethan Chuang as a member of the board of directors of the Company and as the President and Chief Financial Officer of the Company.
Ethan Chuang served as a director of Aixin Life International, Inc. from January to December 2017 and as President and Chief Executive Officer of Aixin from January 2016 to February 2, 2017. Mr. Chuang joined China Concentric Capital Group, a private company engaged in assisting businesses in China in transitioning to the United States, in 2010 and has served as Vice President of China Concentric since March 2012 and a director from March 2012 through May 2015. China Concentric is a private consulting firm that provides strategic management and advisory services to China-based companies. In his role with China Concentric, he has served as a team leader overseeing the evaluations and implementation of mergers and acquisitions, due diligence, and financial planning. Mr. Chuang was Vice President of Investor Relations of Gulf Resources Inc. from August 2007 to October 2009. Mr. Chuang received his MBA degree from California State Long Beach University in 2006.
