Inception Growth Acquisition director Suen resigns; Yan Xu appointed as independent director and audit chair

Inception Growth Acquisition Ltd

Stephen Man Tak Suen resigned from board and all committees effective March 1, 2023 for personal reasons; no disagreement with company.
Board appointed Yan Xu as independent director, replacing Suen on Compensation, Nominating, and as Audit Committee Chair.
Yan Xu has over 9 years experience in Chinese gaming and Japanese markets; currently head of Japanese division at Whiz Partners Asia Ltd.
Xu also serves as independent director for Ace Global Business Acquisition Limited since February 2021.
No family relationships or reportable transactions between Xu and the company.

item 5.02

Executive movements

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Departed

Stephen Man Tak Suen

Director

IGTA · Inception Growth Acquisition Ltd

Effective: 2023-03-01
Successor: Yan Xu
Filed: March 1, 2023, 6:59 PM ET

On March 1, 2023, Mr. Stephen Man Tak Suen resigned from the board of directors (the “Board”), including from his committee positions on the Compensation Committee, the Nominating Committee, and as Chairperson of the Audit Committee for his personal reason, effective immediately.

Appointed

Yan Xu

Independent Director

IGTA · Inception Growth Acquisition Ltd

Effective: 2023-03-01
Filed: March 1, 2023, 6:59 PM ET

On the same date, the Board appointed Ms. Yan Xu as the independent director of the Board effective immediately replacing Mr. Suen, including his positions on the Compensation Committee, the Nominating Committee, and as Chairperson of the Audit Committee.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Man Tak Suen resigned as Director at Inception Growth Acquisition Ltd.

Action: resigned
Role: Director

Exact text from the filing

On March 1, 2023, Mr. Stephen Man Tak Suen resigned from the board of directors (the “Board”), including from his committee positions on the Compensation Committee, the Nominating Committee, and as Chairperson of the Audit Committee for his personal reason, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yan Xu was appointed as Independent Director at Inception Growth Acquisition Ltd.

Action: appointed
Role: Independent Director

Exact text from the filing

On the same date, the Board appointed Ms. Yan Xu as the independent director of the Board effective immediately replacing Mr. Suen, including his positions on the Compensation Committee, the Nominating Committee, and as Chairperson of the Audit Committee.

View on SEC.gov

Inception Growth Acquisition Ltd filing history →

Source: SEC EDGAR

accession 0001213900-23-016178

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