The information contained in this Information Statement is being furnished to all holders of record of common stock of Chun Can Capital Group. (the "Company" or "CCCG") at the close of business on April 15, 2020 in accordance with the requirements of Section 14(f) of the Securities Exchange Act of 1934 and Rule 14f-1 under that Act in order to effect a change in majority control of the Company's Board of Directors other than by a meeting of stockholders. This Information Statement is being distributed on or about September 1, 2020.
NO VOTE OR OTHER ACTION BY THE COMPANY'S STOCKHOLDERS IS REQUIRED IN RESPONSE TO THIS INFORMATION STATEMENT. PROXIES ARE NOT BEING SOLICITED AND YOU ARE REQUESTED NOT TO SEND THE COMPANY A PROXY.
On or about August 10, 2020 in a private transaction, the control block of the Company’s shares were transferred to a new majority owner. The new owners have determined to reconstitute the Board of Directors and the executive officers. This Information Statement contains information about persons who will serve as officers of the Company or as Directors on the Board of Directors.
THE CHANGE IN THE COMPOSITION OF THE BOARD OF DIRECTORS DISCLOSED IN THIS SCHEDULE 14f-1 FILING WILL RESULT IN A CHANGE IN CONTROL OF THE BOARD OF DIRECTORS OF THE COMPANY.
No action is required by the shareholders of the Company in connection with the election or appointment of the new directors. However, Section 14(f) of the Securities Act of 1934, as amended, requires the mailing to the Company's shareholders of this Information Statement not less than ten days prior to the change in a majority of the Company's directors if said change occurs without a meeting of the Company's shareholders.
VOTING SECURITIES AND PRINCIPAL SHAREHOLDERS THEREOF
As of the date of this Information Statement, the authorized capital stock of the Company consisted of 270,000,000 shares of common stock, par value $.001 per share, of which approximately 220,033,011 shares are issued and outstanding and 30,000,000 shares of preferred stock of $.001 par value, of which no shares are issued and outstanding. Each share of common stock is entitled to one vote with respect to all matters to be acted on by the stockholders.
Transaction
On August 11, 2020 the control block of the Company’s common stock was transferred in a private transaction to new owners. As a result of this transaction, the new shareholders acquired approximately 98% of the voting rights and the capital stock of the Company.
Directors and Executive Officers
The following table includes the names and positions held of our executive officers and directors who served during the years ended December 31, 2018 and/or December 31, 2019 and their current ages:
