Jerash Holdings subsidiary enters employment agreements with CEO Choi Lin Hung and Head of Marketing Ng Tsze Lun
Jerash Holdings (US), Inc.
Treasure Success International hired CEO Choi Lin Hung as Treasurer effective April 1, 2022, with monthly salary of HK$117,000 (~$14,914).
Ng Tsze Lun was hired as Head of Business Development of Treasure Success with same monthly salary of HK$117,000 (~$14,914).
Both employment letters provide an end-of-year bonus equal to one month basic salary.
Either party may terminate with one-month written notice or payment in lieu of notice; letters include confidentiality and non-solicitation provisions.
Pursuant to the Choi Letter, Mr. Choi would serve as the Treasurer of Treasure Success, effective from April 1, 2022 and until terminated pursuant to the terms of the letter, and be compensated at a rate of HK$117,000 (approximately $14,914) per month and receive an end-of-year bonus equal to one-month basic salary.
Pursuant to the Ng Letter, Mr. Ng would serve as the Head of Business Development of Treasure Success, effective from April 1, 2022 and until terminated pursuant to the terms of the letter, and be compensated at a rate of HK$117,000 (approximately $14,914) per month and receive an end-of-year bonus equal to one-month basic salary.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Choi Lin Hung was appointed as Treasurer at Jerash Holdings (US), Inc..
Action
appointed
Role
Treasurer
Exact text from the filing
Pursuant to the Choi Letter, Mr. Choi would serve as the Treasurer of Treasure Success, effective from April 1, 2022 and until terminated pursuant to the terms of the letter, and be compensated at a rate of HK$117,000 (approximately $14,914) per month and receive an end-of-year bonus equal to one-month basic salary.
Ng Tsze Lun was appointed as Head of Business Development at Jerash Holdings (US), Inc..
Action
appointed
Role
Head of Business Development
Exact text from the filing
Pursuant to the Ng Letter, Mr. Ng would serve as the Head of Business Development of Treasure Success, effective from April 1, 2022 and until terminated pursuant to the terms of the letter, and be compensated at a rate of HK$117,000 (approximately $14,914) per month and receive an end-of-year bonus equal to one-month basic salary.
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