Monday, December 06, 2021 3:44:22 PM
It was a little surprising/disappointing to see Mao Xiangyi leave the company and her position as CEO. Hopefully it is not an indication of anything wrong at CXKJ. Although the company has not issued an 8-K yet, it appears from the recent marketing conference (held on December 3) that the company may have given the job to Zhang Yuanyuan (the current Chief Financial Officer). She can be seen in the fifth picture/image in this account of that conference. Throughout this article her job title is listed as CEO......
http://www.kp-china.com/index.php/shows/26/172.html
Depending on the environment of future China/US political and business relations, I am still expecting to see CXKJ trading on the Nasdaq during calendar 2022.
It seems like at the majority of business meetings/conferences that CXKJ holds, people closely associated with the company (either upper management or slightly lower tier employees) always seem to mention the goal of a Nasdaq listing. Just within the last couple of weeks/months I think I recall seeing the Chairman and another upper/lower tier employee mention an expectation of a Nasdaq listing "within a year". Just last week the company held a financial seminar. If you run one of the pictures from that seminar through an image translator, there is a reference to board (presumably Nasdaq) listing conditions and choosing the opportunity to transfer to the board......
http://www.kp-china.com/index.php/shows/26/169.html
If CXKJ does not do an accelerated listing (which would require a $40M institutional investment), I think the company becomes eligible to submit a transfer application around May 18/19 in 2022. So my guess, if everything goes well, CXKJ will probably file a transfer application during late Q2 2022 and possibly be trading on the Nasdaq sometime during Q3/Q4 2022.
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