8-K
filed October 5, 2022, 7:59 PM ET
ticker GDC
CIK 0001641398
M&A
confidence high
sentiment neutral
materiality 0.75
Code Chain completes VIE acquisition of Highlight Media; appoints new CEO and VP
GD Culture Group Ltd
- Acquired Shanghai Highlight Media via VIE on Sept 29; issued 9M shares at $1.00 each.
- CEO Wei Xu and VP Bibo Lin resigned Oct 4; Hongxiang Yu appointed CEO/Chairman, Shuang Zhang VP.
- New CEO Yu co-founded Highlight Media; salary $50k/yr; VP Zhang salary $30k/yr.
- VIE agreements include exclusive technical services, equity pledge, option, and voting proxy for 20 years.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Bibo Lin resigned as Vice President and Director at GD Culture Group Ltd.
- Action
- resigned
- Role
- Vice President and Director
Exact text from the filing
On October 4, 2022, Mr. Bibo Lin tendered his resignation as the Vice President and a director of the Company, effective October 4, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Hongxiang Yu was appointed as Chief Executive Officer, President, Chairman of the Board and Director at GD Culture Group Ltd.
- Action
- appointed
- Role
- Chief Executive Officer, President, Chairman of the Board and Director
Exact text from the filing
Mr. Hongxiang Yu was appointed as the Chief Executive Officer, President, Chairman of the Board and a director of the Company, effective October 4, 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Wei Xu resigned as Chief Executive Officer, President, Chairman of the Board and Director at GD Culture Group Ltd.
- Action
- resigned
- Role
- Chief Executive Officer, President, Chairman of the Board and Director
Exact text from the filing
On October 4, 2022, Mr. Wei Xu tendered his resignation as the Chief Executive Officer, President, Chairman of the Board and a director of Code Chain New Continent Limited (the “Company”), effective October 4, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Shuang Zhang was appointed as Vice President and Director at GD Culture Group Ltd.
- Action
- appointed
- Role
- Vice President and Director
Exact text from the filing
Ms. Shuang Zhang was appointed as the Vice President and a director of the Company, effective October 4, 2022
View on SEC.gov
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