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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective on August 1, 2022, the board of directors (the “Board”) of Takung Art Co., Ltd (the “Company”) appointed Mr. Kuangtao Wang, the current Co-Chief Executive Officer of the Company, as the chairman of the Board, and appointed Mr. Guisuo Lu as a new independent director of the Board. The biographical information of Mr. Lu is set forth below.
Mr. Guisuo Lu has served as the financial consultant of Shandong Yuntong Commercial Co., Ltd. since March 2020. From October 2013 to March 2020, Mr. Lu served as vice president of Yinsheng Financial Group and Yinsheng Payment Service Co., Ltd. From January 2005 to September 2013, Mr. Lu served in various positions including assistant general manager, deputy general manager and general manager at Terminal Service Center of Unionpay Commercial Co., Ltd., Hebei Branch. Mr. Lu graduated from Hebei Bank School in 1982 and graduated from Hebei Radio and TV University Hengshui Branch in 1988.
Mr. Lu 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.
Mr. Lu entered into a director offer letter (the “Offer Letter”) with the Company which establishes other terms and conditions governing his service to the Company. The Offer Letter is qualified in its entirety by reference to the complete text of the Offer Letter, which is filed hereto as Exhibit 10.1.
| Exhibit
No. |
Description | |
| 10.1 | Director Offer Letter, dated August 1, 2022, by and between Guisuo Lu and Takung Art Co., Ltd | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 4, 2022
| Takung Art Co., Ltd | |
| /s/ Kuangtao Wang | |
| Name: Kuangtao Wang | |
| Title: Co-Chief Executive Officer |
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