Summit Networks appoints Lei Yang as independent director; two board members resign

Summit Networks Inc.

Lei (Leila) Yang appointed independent director, Audit Committee Chair, and financial expert, effective Oct 12.
Directors Youyang (John) Cheng and Xuezhi (George) Ma resigned Oct 15; resignations not due to disagreements.
Jian Hua (James) Shu re-appointed independent director and Vice Chair of Audit Committee effective Oct 15.
Bylaws amended to allow virtual meetings, require annual meeting within 120 days of year-end, quorum 1/3.
Ms. Yang receives C$200 document fee per filing and C$3,000 annual stipend; no cash retainer or equity.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Summit Networks Inc.: Amended Article III of Bylaws to allow virtual meetings, set annual meeting deadline at 120 days after fiscal year-end, and require quorum of at least one-third of voting power (effective 2025-10-12).

Change: bylaw amendment
Effective: 2025-10-12

Exact text from the filing

On October 12, 2025, the Board approved amendments to Article III of the Company’s Bylaws to: (1) permit annual and special meetings of securityholders to be held virtually or in person, with identity verification, real-time participation and voting, and real-time recordkeeping; (2) require that the annual meeting be held no later than 120 days after the Company’s December 31 fiscal year-end; and (3) set the quorum for meetings of securityholders at not less than one-third (1/3) of the voting power entitled to vote at the meeting.

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Source: SEC EDGAR

accession 0001091818-25-000140

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